Quote from guavaman:
This makes all the difference doesn't it?
Romanus may be spot on, but his take just doesn't jive to me. Perhaps I cling to a parochial view of the method, but we had completion of a sequence, an SOC, a B2B, a BO of RTL on IBV, DRV and finally IBV out of the widened channel.
In the end it doesn't matter whether one saw change at 15:10 or with the IBV around 15:30, both were on the right side of the market when it really counted.
Context is critical but a difference in context does not mean that a particular concept cannot apply equally well to both situations. So bottom line everyone seems to agree on what the right side of the market was at EOD and it will be very interesting to see what the market shows us on Monday.
lj
