Iterative Refinement

Quote from dkm:

Down until 11:45, at which point we see black increase, and 11:50 black increase.
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Correct but the height of those two bars is still less than the height of the 11:10 bar so the slope of the right wing is negative from 11:10 till the trough is reached at 12:25.

lj
 
Quote from ljyoung:

Correct but the height of those two bars is still less than the height of the 11:10 bar so the slope of the right wing is negative from 11:10 till the trough is reached at 12:25.

lj
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The dom direction at 11:10 was UP, followed by non dom red, followed by dom black from 11:45. Unless I am mistaken (which is quite possible), the fact that the black gauss peak is lower at the 11:50 bar reinforces the argument that 11:55 is signal for change.
 
Quote from dkm:

The dom direction at 11:10 was UP, followed by non dom red, followed by dom black from 11:45. Unless I am mistaken (which is quite possible), the fact that the black gauss peak is lower at the 11:50 bar reinforces the argument that 11:55 is signal for change.
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Then where is the change? I came to the exact point where you are and because of the fact that there was no change came to the conclusion that there HAS TO BE A CONTEXTUAL REASON why this occurred. That is what I have been looking for.

lj
 
Quote from gucci:

IMHO. I actually thought that lateral and dominant (movements)are mutually exclusive?
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What we are doing as we move from point 1 at 11 AM onwards is building first a tape then a traverse then a channel. What I will say in the next post and what I said last night in the long post is contingent upon there being a point 1 at 11 AM. Do you agree that there is a point 1 at 11 AM?

lj
 
Quote from ljyoung:

Something else is going on.
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I rather enjoy watching the market answer your questions (mainly because it saves me loads of typing :) ) - especially when the answers arrive less than 12 hours after someone posts.

- Spydertrader
 
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