Deciphering Jack Analysis Bar by Bar ll

Discussion in 'Technical Analysis' started by workwithus, Jan 21, 2014.

  1. B76,b77 and b78 have to be squished.Here's a few pictures to show this process.First what they look like without the squish. (For a moment just forget about the rtl). Then in the attachment thru the wonder of paint i show the three bars squished into two.The attachment shows just b78 squished with b76 because of decreasing volume internal on b77. Turns out after the squish i have a XR.So do i fan the rtl from b77 to b78? I don't believe so.I should not have fanned mine.Only after doing the squishes can you fan if the resulting price case is an internal.As you can see this can be a challenge (at least for me on this one) since you have to do this mentally and not with paint. http://screencast.com/t/a9h7Gbjoj
     
    #31     Jan 23, 2014
  2. Now lets bring the rtl back into this situation.Since no internal after the squish on b78 you don't fan.I do get to assign the first P1 so even if had rtl BO i dont have BO T1 because no T1 yet. http://screencast.com/t/R3oBGPJH4e
     
    #32     Jan 23, 2014
  3. On b79 i have what i believe is a rtl bo but i still don't have the T1.So no BO T1 yet.B79 is on increasing volume so i assign a New P1 (repeat). http://screencast.com/t/lNmJjMcsDke
     
    #33     Jan 23, 2014
  4. As heroic points out here b80 is the first bar to BO of the rtl and have the T1 assigned (on the same bar which is ok).B80 is a BO T1 and assigned a first P1.Great work Heroic on this.Thanks for pointing this out.The squishing can be a challenge for me.Have to squish before deciding how to handle rtl's.What first appears to be one thing is after squishing a whole different thing.Very tricky but i'm getting better at it hopefully.
    http://screencast.com/t/KikUkwlfC6yU
     
    #34     Jan 23, 2014
  5. So with this change in the sequence described above the carryover also changes.B81 is fbp on inc vol so is a New P1 (repeat).Notice in this situation the rtl becomes the same line as the BM. http://screencast.com/t/gRbbfZTz
     
    #35     Jan 23, 2014
  6. T1 on b2.I annotate from the actual EE bar to the second bar.In this case it's b1 to b2.I assigned the T1 on b2 so a BO on b3 can be a BO T1 but with one exception.If b3 is an internal i have to wait.I also have to fan the rtl if a wait bar shows on b3. http://screencast.com/t/tRrRHWUb9QP
     
    #37     Jan 23, 2014
  7. I get a internal (stitch) on dec volume on b3.This is a wait bar.So i need to fan the rtl. The key difference between this three bar combo with a wait and b76 thru b78 is the wait comes on the third bar instead of the second bar.So i'm fanning here but shouldn't have in the b76 thru b78 situation (because after squish its was translating). http://screencast.com/t/bMNEcanNNA http://screencast.com/t/lgl6Do5X
     
    #38     Jan 23, 2014
  8. #39     Jan 23, 2014
  9. #40     Jan 23, 2014