Only two trendlines have not been broken

[1a2b3cppp]

Quote from Lord.Maushi:

Perhaps he went for the index that made more sense, and you did not.

Are you saying the Dow is the more accurate representation of the market than the ES?

Or are you saying in the context of his post the Dow made more sense?

If the latter, was I supposed to search all known indexes to find one where the three points he mentioned lined up?

I'm confused why, in a thread talking about the ES, a mention of the Dow was made without specifically mentioning that it was the Dow.

That's like if we're talking about Ferraris, and everyone is saying things they like about Ferraris, and then someone else says "my favorite part is that the engine produces 398 lb/ft of torque @ 6,500 rpm!"

And people are like "what are you talking about, no Ferrari has those specs."

And then you say "well I'm talking about the car that makes sense given those parameters: the 2013 Lamborghini Gallardo!"

 

[jack hershey]

Quote from 1a2b3cppp:

Are you saying the Dow is the more accurate representation of the market than the ES?

Or are you saying in the context of his post the Dow made more sense?

If the latter, was I supposed to search all known indexes to find one where the three points he mentioned lined up?

I'm confused why, in a thread talking about the ES, a mention of the Dow was made without specifically mentioning that it was the Dow.

That's like if we're talking about Ferraris, and everyone is saying things they like about Ferraris, and then someone else says "my favorite part is that the engine produces 398 lb/ft of torque @ 6,500 rpm!"



And people are like "what are you talking about, no Ferrari has those specs."

And then you say "well I'm talking about the car that makes sense given those parameters: the 2013 Lamborghini Gallardo!"

RN knows the DJ leads the ES. You do not.

So far no one has posted a quality trend analysis display.

 

[Lucrum]

Quote from dbphoenix:

I only just recently noticed you being back around. It's good to see some of the old timers that actually know what they're doing again.

 

[Lucrum]

Quote from jack hershey:



So far no one has posted a quality trend analysis display.

No doubt you'll grace us mere mortals with one, whether we want it or not.

 

[pikachu9]

Quote from jack hershey:

RN knows the DJ leads the ES. You do not.

So far no one has posted a quality trend analysis display.

It's better than the usual "BTFD."

 

[Redneck]

Thank You All…

And Thank You DB for posting the chart
=======================

1a,

How about focusing less on what my chart is or isn’t… and more on the mechanics of building a damn channel (context) correctly….

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Overall price is in an uptrend

That has either topped and reversed

OR

Price was simply in the upper band of the channel…, and recently (last few day) has been pulling back
=======================

Next step would be to create context around this down move…, and figure out what price is sayin

======================

And in case you’re wondering 1a – no I don’t trade futures

If that matters to you, just say so - I'll find something else to do

RN

Quote from 1a2b3cppp:

Well dude no wonder they didn't line up on my chart because I was talking ES and you were talking Dow!

Quote from 1a2b3cppp:

Are you saying the Dow is the more accurate representation of the market than the ES?

Or are you saying in the context of his post the Dow made more sense?

If the latter, was I supposed to search all known indexes to find one where the three points he mentioned lined up?

I'm confused why, in a thread talking about the ES, a mention of the Dow was made without specifically mentioning that it was the Dow.

That's like if we're talking about Ferraris, and everyone is saying things they like about Ferraris, and then someone else says "my favorite part is that the engine produces 398 lb/ft of torque @ 6,500 rpm!"

And people are like "what are you talking about, no Ferrari has those specs."

And then you say "well I'm talking about the car that makes sense given those parameters: the 2013 Lamborghini Gallardo!"

 

[Redneck]

Btw

When I say build a channel/ context correctly…, realize there is not one single “right” way to build context…

BUT, one must standardize the way THEY build context

AND, that context, whatever context, must accurately capture what price is saying

SANS any of our personal bias/ opinion/ BS


RN

 

[themickey]

Quote from dbphoenix:

The dotted line. Appears to be mid point of the trend. What is the purpose of that?
Are you using a mid point dotted trend line to confirm that the lower support line is indeed reasonably accurate?

 

[Redneck]

TM

Certainly not speaking for DB… and DB, if I misrepresent please say so

==============

I've found the mkt likes 50% - why I don’t know…, but it does – and I've seen it enough to say it’s not simply happenstance, or my imagination

The mid line is half/ or 50% between the upper and lower – and price just keeps gravitating back towards it (reverting to the mean if you will)

I've also found a healthy (sustainable) trend slant is a ~ 45 degree angle – which strangely enough is half way (50%) between zero and straight up

And close to this current trend
======================

Pullbacks/ retraces – typically a 50% move before resuming

RN

 

[Redneck]

Quote from Redneck:

Pullbacks/ retraces – typically a 50% move before resuming

And this is not to say one should expect price to move to the midpoint.., then automatically move back up

There are two sides to a channel

I was referring to intraday moves

RN