True. BUT acceleration (steepening) of a slope, and fanning (flattening) of a slope, occur ONLY based on specific rules and/or conditions. Willy nilly adjustment to "fit" PA is... well, someone else can explain that better than me.
ES Journal - 2019/2020
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True. BUT acceleration (steepening) of a slope, and fanning (flattening) of a slope, occur ONLY based on specific rules and/or conditions. Willy nilly adjustment to "fit" PA is... well, someone else can explain that better than me.
My mentor often says that "lines are not arbitrary". Seeing them, and working with them, is a skill though. IMO it is one of those things that seems obvious and logical at first, but suddenly with experience, we understand them in a different way.True. BUT acceleration (steepening) of a slope, and fanning (flattening) of a slope, occur ONLY based on specific rules and/or conditions. Willy nilly adjustment to "fit" PA is... well, someone else can explain that better than me.
...
So it is hard to explain.
In the context of "Lines", nothing more, nothing less, this is one of my fav vids. You may have seen it.
Only other thing I noticed - we took out 7/6 day bar by 2 ticks..if we don't take out high (3184) tomorrow, this could cause enough selling pressure to trade down to the lower trendline of triangle/flag - 3040 ish..
1 more thing - today's low built a rt neckline (30m)- HS which projects 3025 ...imo that 7/6 low was the pivot that propelled the large (62%+) up correction..
1 more thing - today's low built a rt neckline (30m)- HS which projects 3025 ...imo that 7/6 low was the pivot that propelled the large (62%+) up correction..
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BARN BURNER BOTH WAYS TODAY!!! MY PREDICTION WAS WRONG.BARN BURNER UP TODAY!!!
WITH 3200 BEING PRINTED---AS ALWAYS I USE PRUDENT RISK MANAGEMENT TO AVOID DISASTER
Good grief.
Thanks, ...no I had not seen that.
Was easy to replicate what he did with similar results.
Reminds me of the poem
...
'Twas battered and scarred,
And the auctioneer thought it
hardly worth his while
To waste his time on the old violin,
but he held it up with a smile.
"What am I bid, good people", he cried,
"Who starts the bidding for me?"
"One dollar, one dollar, Do I hear two?"
"Two dollars, who makes it three?"
"Three dollars once, three dollars twice, going for three,"
But, No,
From the room far back a gray bearded man
Came forward and picked up the bow,
Then wiping the dust from the old violin
And tightening up the strings,
He played a melody, pure and sweet
As sweet as the angel sings.
The music ceased and the auctioneer
With a voice that was quiet and low,
Said "What now am I bid for this old violin?"
As he held it aloft with its' bow.
"One thousand, one thousand, Do I hear two?"
"Two thousand, Who makes it three?"
"Three thousand once, three thousand twice,
Going and gone", said he.
The audience cheered,
But some of them cried,
"We just don't understand."
"What changed its' worth?"
Swift came the reply.
"The Touch of the Masters Hand."
...
A line, a channel, in the hands of a Master...
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Appears my indicators were correct... down we go... 20.50 as I type... saved for the Globex crew to take the move!
Most days are not a market crash just as most days are not Outside Days. It's just your regular up and down in various sizes.
But as far as Outside Days goes - yesterday was nothing special. We've had at least 10 days very similar to this one over the last 7 years or so.
The last one being the 22nd of August last year.
But as far as Outside Days goes - yesterday was nothing special. We've had at least 10 days very similar to this one over the last 7 years or so.
The last one being the 22nd of August last year.
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