<IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=419506> This critical value nearly coïncides with the theorical LT (Local Top) of upper scale 3. Since I am only focused on lower scales as a daytrader I didn't observe much bigger scales but if the market behaves fractally then the LT on scale 3 behaves like lower scales and it seems so as far as I have observed but I need to do more systematic observations to be sure that the market is really fractal on these large scales as big law numbers can counter the effect.
They are not so unpredictable : this is how you can do it BY YOURSELF in only 6 steps with this quiz: http://www.econometric-wave.com/quiz/dji_011203_for_021203/
added a seventh section to the previous quiz http://www.econometric-wave.com/quiz/dji_011203_for_021203/ for introducing backwardation in price and time concept. The consolidation above is of type I. This is Type II consolidation: http://www.econometric-wave.com/quiz/dji_050104_for_060104/ You will see that the difference of pattern with type I is that the consolidation line is protected by the projection line so that consolidation won't go as far as type I (on intraday basis).
Now Bullish inverted structure on scale 3 <IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=425401> See what it means here (example on scale 2) http://www.elitetrader.com/vb/showthread.php?s=&postid=418698&highlight=trend#post418698
"Backwardation in time" or "Travelling in the past" seems very weird and astonishing that's I call this strange phenomena Feynman-like effect by analogy with something also weird in QED (Quantum Electrodynamics) with time travelling particles in the past . This is just a metaphore or an analogy of form because inside the hypothesis of my model there isn't any quantum hypothesis nor even fractal nor fibo ratios at all: I just observe them at the end as results. http://www.britannica.com/nobel/micro/710_26.html "One intriguing feature of Feynman diagrams is that antiparticles are represented as normal particles moving backward in time. In Figure C, an electron collides with its antiparticle, the positron (e+), and both are annihilated. A photon is emitted by the collision, and it decays into two new particles in space: a muon (u-) and its antiparticle, an antimuon (u+). In the diagram, both antiparticles (e+, u+) are moving toward the past, while their corresponding particles (e-, u-) are moving toward the future." <IMG SRC=http://www.britannica.com/nobel/art/ofeynmd003a4.gif> The annihilation of an electron (e-) by a positron (e+), leading to the formation of a muon (-) and an antimuon (+), with both antiparticles <font color=red>moving backward in time</font>.