Quote from ehorn:
So does that mean that your earlier assessment (for which I complemented you) was right then? 
No, what it means is that after BO of the lateral 1000eob market built a tape as it moved from pt1 to pt2, then it went into a lateral formation, wchich became lateral movement later. The lateral movement was built as a retrace in a traverse ( by this I mean like non-dom traverse in a channel, except one level lower in the tape/traverse/channel hierarchy). So you have a tape followed by retrace. then after lateral movement BO 1145 eob the trans resumes and then forms another lateral movement. There are some instance of increasing red volume, but all from formation/pennant BO's with no follow up on next bar - so the trend did not change.
Even the increasing black on 1445 eob comes from lateral movement BO and the next bar is black on increasing volume - so there's no change in trend here either.
This drill Spydetrader suggested is freaking unbelievable - for every change signal that 'seems' 'right' in real time there's another one in the opposite direction that tells you the trend did not change, so you need to reverse. There's some beautiful structure here that I can't grasp. The inability to write this up on a board in clear unambiguous form, like an elegant proof that makes you go "Wow!", is driving me nuts
Being one of those people with science background, that Jack mentioned, have the most trouble learning these methods, I sometime feel like I am inside one of those convoluted topological
abominations, feeling like an answer is right here in front of me, except in a different dimension.
