Quote from NYCMB:
Irene thanks for your patience. Usually, my mistakes are just puzzles. Change the s to "I" so it reads "I pointed out.....etc..."
This is the dreaded WWT phenomena. What Wasn't That was the notion, as Todd points out in his monthly gapped chart of DJIA, that to break the depression by getting a "cancel" economically, we have to have a "growing" retrace. Growing is measured by several tchnical things: bar volatility increases, VE on LTL's of the economic "container" (the BULL retrace container), increasing market activity (volume), all the news reported indicators ploughing ahead, etc.
This growth would have to, technically, drive the trend to a place where the HORIZONTAL LINE FROM THE START OF THE DEPRESSION would be exceeded.
Since, as we see, there began an inverted saucer, unseen by those who think as Trader666, etc, growth has been terminated and alternative technical elements are replacing (with statisitcal significance) what was needed in the picture.
I pointed out the nature of the situation by stating that I did projections for 2008 in DEC 2007 and I DID NOT do them in DEC 2008 for the year 2009. The reason was the lack of integrity in the economic system. I do not expect anyone to appreciate my past experience simply because of the seredipity factor and the unusal nature of working the EOP "white paper" turf.
Reason, however, is possible for anyone who chooses to think critically. There are many things a person has to do and have at hand to deal with difficulties. Having immunity is an important factor as well.
I post arratically and I do not originate posts. A while back a discussion got underway regarding using Level II to handle a situation. It is THE situation coming up for everyone. The OP said it copuld not be back tested for BLAH and BLAH. I person asked if it COULD BE back tested since the trhead was testing to verify ideas. Oblviously everything CAN be back tested by people who can back test.
A requirement to back test is to do the test when the condition is there. So I posted the way to ID the upcoming condition and the test results of the list of possibilities where there would be a test failure and no possible trading opportunity. The OP edited my post and restated no back test was possible. Unfortunately, it appears that the moderator fucked things up further by deleting my original post and the thrad was closed just after the editing of my post of the backtest verification process.
In any event, Level II walls only crumble 1 out of 4 times. Testing to verify this "idea" is simple and it IS the test for the current BULL retrace failure on that BULL retrace fractal. Differentiating retraces from reversals was a foundational aspect of the backtesting. ET is a funny place.
If a moderator does not know shit from shinola, it would be a good idea for him to recuse himself. Others have explained to him about deleting important information that is useful to skilled traders. Since he has no skills, he cannot understand their recommendations to him or stop fucking up threads.
Hi Jack,
Is the "s" before "pointed out in the 4---" a misspelling or abbreviation? I have difficulty to make the whole sentence meaningful. Could you explain it? TIA