Iterative Refinement

Quote from PTVtrader:

Nothing arbitrary about it...sequences were complete...new pt 1. As for understanding :

http://www.elitetrader.com/vb/attachment.php?s=&postid=1999985
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Sorry, not following you here while looking at your last chart attachment.

When the short Channel sequence is complete we will start a new long Channel commencing with the FTT of final short Traverse (of the short Channel). I'm not sure that has occurred yet.

What we had today was effectively an FBO of the short Channel and it resumed.
 
Quote from R/R:

Sorry, not following you here while looking at your last chart attachment.

When the short Channel sequence is complete we will start a new long Channel commencing with the FTT of final short Traverse (of the short Channel). I'm not sure that has occurred yet.

What we had today was effectively an FBO of the short Channel and it resumed.
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The RTL FBO is sure what it looks like and to the tee. It would be interesting to see if there is precedent for this happening. Bottom line is that the current channel RTL holds.

So by your estimate we basically 'repeat' yesterday afternoon. I would agree with that and if we don't come motoring back up (the overnight ES is down by as much as 43 from its open) to the RTH open, it could be really crazy . Wonder what the boyz will cook up in the wee wee hours. All in all a great way to screw people over especially if the AM eco numbers are "really bad".

Hope no one was holding long EOD and went out for a couple of brews.

lj
 
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