Quote from bubba7:
bars 1, 4, and 6 are points 1,2,3 respectively.
look for new point 3.
At 11:00 plus and minus we go through the top of the congestion first cycle on the failure to BO caused by low pro rata volume.
This is the new point three and you now see the 4 O'clock drift mentioned in a prior post:
"you used the fifth bar VDU and center was 989.1.
The MACD and STOC is not letting beginners and intermediates in.
the three bar stall is covering the "short" bracket that took you in. we didn't get the 20k volume so there will be a 4 oclock drift in price into 11:15.
keep your 5 min scale on 10 points."
All of this gives you a channel tht is slightly off flat and tipping at less than 4 oclock but definitely well after 3 O clock.
we are now in congestion and the post I made giving you the centr at 987.2 is fairly accurate still. It is not cast in rocket heat resistance shielding, however.
You can see how wide brackets are to avoid entries on failure. you may think that you will never make any money on this bracket offset sum of two parts.
Just be aware ofthe fact that this is necessary to keep you out of meanderings like this. We are very keen on not giving money to the market as is happening with the yoyos in the market right now.
We will make half the profits for the year after labor day.
you should be sensing that you agree with my comments or you might feel a little mystified. The cure for mystification is time and reading.
we are in a place where what goes on is going to continue unless something new comes into the picture. get that straight.
what is new that is coming into the picture? Well it is 13:15. That is nnew for today .
See you just before then. see the frequency? yes, we all do .