Iterative Refinement

The chart shows how the market dealt with the inversion of the downchannel/traverse RTL's by simply gapping above it. This is different from what happened on 3-6-09 but the pre-open contexts are quite dissimilar.

Chasing the gap up permits the new upchannel RTL to reflect the acceleration of the uptrend and it will be interesting to see how it is reacted to in the coming reversal.

Although it is drawn in medium thickness blue, the last construct of the day is what Spyder has called a 'fat tape', i.e., all closes are inside the initial tape.

PFC, IMO, shows us looking for a P2. I did not post last PM because I did not know WTF the market was going to do with the inverted RTL's. Please note that the "inverted RTL's" thingy may be what Jack calls an invention.

lj

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Equity method not triggering as many signals as in Journal 1. In Journal 1 spyder had a dryspell early on. But it seems deeper than that in this market. I think lack of liquidity may affect things.
 
Yes....during the year 2008, there should be very less signals for equity method. But these two weeks, I believed many good signals have been generated. The equity method should perform well during an "Up" market. That is why I raised the attention from Spyder.
 
I know where you are coming from Chasedream. Trying to back test this strategy is not easy. Unfeasable as it combines fundamental and technical elements to it. Old postings on MSN have been deleted and with other postings you don't know what methods they were using as methods vary where posters reported their results.

On one of the Camtasia videos I think Jack took a survey from people in a room who were using his methods but could not make out the numbers that were saying they were successful.
 
Guess du jour. The solid thick green line is the fanned upchannel RTL and its interaction with price (R2R @ 1:40 PM) is appropriate. The dashed blue thick line to the left is the unfanned RTL from yesterday. P1 for the new downtrend is at 1:30 PM with the initiating traverse then changing to an accelerated traverse @ 2:25 PM. PFC shows us still looking for a P2.

I would appreciate any comments from anyone about this deconvolution (especially romanus if your beloved is still allowing you to do this stuff). In particular does anyone agree/disagree about the characterization of the EOD traverse as being 'accelerated'. Another possibility was setting the P1 @ 2:25 PM, but, IMO, it doesn't fit the data for several reasons.

lj

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Quote from ljyoung:

PFC shows us still looking for a P2.

beloved is still allowing you to do this stuff). In particular does anyone agree/disagree about the characterization of the EOD traverse as being 'accelerated'. Another possibility was setting the P1 @ 2:25 PM, but, IMO, it doesn't fit the data for several reasons.

lj

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Agree on pfc and your point 1. Hope for a few less ff's tomorrow. They still create a little uncertainty, but were expected after the big trend day. Usually can sort through them with a 2 min chart , had a little more difficulty today. Kept finding myself in the rabbit hole. Cant see the red barn from in there :)
 
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