Deciphering Jack Analysis Bar by Bar ll

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

  1. #71     Jan 24, 2014
  2. Here's jack's chart for the same three bars.Jack fans the third bar since its an "internal" even after the translating bars preceding the internal. http://screencast.com/t/Fwyu8yW18cUH
     
    #72     Jan 24, 2014
  3. Here's jack's chart for this example of translating bars to a stitch "internal" on INC volume.Notice jack fans the stitch even though its inc volume. No BO T1 even though have the T1 and a close outside the translating bar's rtl. http://screencast.com/t/HPLU2TDYZBH
     
    #73     Jan 24, 2014
  4. llIHeroic

    llIHeroic

    Good research. I believe we can be confident that all internals are fanned when they are first encountered when an rtl can be drawn.

    It is hard for me to find examples of a time when the rtl is fanned for internal or lateral, then translation occurs, THEN after the translation we have another internal or lateral. Is the rtl fanned again or do we only fan it the first time? Does the rtl ever lock-in?

    In the example filter posted, we have rtl not fanned for an internal which occurs after two translating bars, although it may be an error.

    See Bar 77 from 7/15.
     
    #74     Jan 24, 2014
  5. Jack's charts before 11-7-13 don't show many rtl fans.But since 11-7-13 jack charts do show alot more rtl fanning.I think jack didn't show his fans before 11-7-13.Here's a snip from 11-7-13 where jack makes a comment on fanning and does the fan for both examples.I'm focusing on all of the charts i can find since 11-7-13 for guidance on fanning rtl's. http://screencast.com/t/gWDF1tmkmvh
     
    #75     Jan 24, 2014
  6. llIHeroic

    llIHeroic

    Excellent clarification. I was not able to see the change in his rtl fanning from 11-7 forward which led to confusion. I think you are correct and we can never have a BO T1 on an internal price case no matter what combinations of price cases and volume occur.
     
    #76     Jan 24, 2014
  7. Check out these two sequences.First sequence starting on b69 is all translating bars resulting with BO T1 on b71.The second sequence starting on b71 does not have a rtl because on b72 the BM is pierced but then by bar close its back above it.So even though the sequence after b72 went up there is no rtl because you couldn't draw it from b71 to b72. http://screencast.com/t/uilcj4mL
     
    #77     Jan 24, 2014
  8. Wild eod.On b76 get pace acceleration (second time today) so accel rtl.Then on b77 get OB that has BO T1 at close.Also have a PP3 on b77.After assigning first P1 to upper level and T1 to lower level for BO T1 you get a PP4.B77 results in a PP4 down.My research tells me that b78 has no advance one peak because of PP4 on b77.So b78 is just first P1. Is jack moving the BM when he accels rtl? http://screencast.com/t/us9h43RTC
     
    #78     Jan 24, 2014
  9. #79     Jan 24, 2014
  10. #80     Jan 27, 2014