Recently, Jack made an analogy between reading a chart and reading a music score, also known as sight-reading. Coincidentally, I just came across this passage from 'Super Sight-Reading Secrets'... "If we do not open our eyes, we will not see". This is an obvious statement, but think about it for a moment in less literal terms. How many times have you had your eyes open but still missed something important. To sight-read we must be an open vessel. We must be a sponge - ready to soak up information. The great inhibitor here, you will find, is our own thoughts! Worries, doubts, expectations, fears, distractions... Our mind becomes cluttered or blocked. This weakens its receptive faculties. In other words, the more brain-power we use to think, the less we will have available to take in new information. All of a sudden, we then have a closed vessel. Clearly, understand, I'm not saying not to think. What I am suggesting is that it may be more than coincidental that "most good sight-readers can't perfect a piece, and most good perfectionists can't sight read". I believe it is good to be able to do both, and therefore good to cultivate two separate brain processes: 1) thought & analysis and 2) gathering data. These might be compared to the modes of a computer.
Unless you elaborate dkm it will not be possible to determine if what you say is true and if you interpreted what I said correctly. These things may or may not be important to you, I don't know, but would appreciate hearing what you have to say. lj
lj: a few basics about the 12/2/08 chart you referenced may clear up the Channel question. The blue up Traverse starting around 10:00 is accelerated with the green Traverse around 11:50 with the FTT around 12:30. Spyder also annotated a flatter gold FF up traverse for some reason, but let's ignore that for now. Judging from this chart and not looking at earlier charts I know this up Traverse is the non-dominant leg building the red down Channel and sets it's point 3. Once the Channel starts it must complete before you can start a new one. The down Traverse starting at 12:30 in your red circle does accelerate as it puts in the dominant leg completing the down Channel. It can't create a new Channel until the last one completes! WMCN will then be an up Channel when the market is ready. At 14:30 the down Traverse completes and a new green up Traverse starts in your green circle. We assume the down Channel is finished as the up move accelerates with the blue Traverse through the Channel RTL allowing a new up Channel pt2 to be established with the common FTT of the green and blue Traverse (not shown on the chart). So I must assume the Green Traverse by virtue of it's acceleration now becomes a Channel and Spyder annotates it as such (thick green line weight) retroactively. hth edit: there are two blue accelerated Traverses <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2368018>
The same thing happens this day starting 12:55. Interestingly, the green up move was not annotated originally with Traverse points 1,2&3, yet the Gaussians are annotated accordingly for a Traverse. I don't think this green traverse was a FF before the blue accelerated Traverse, and it appears to have started the up Channel. Otherwise there would be a separate Channel RTL leading to the Channel pt3 at 15:40.
simply the way a Channel is constructed and it's basic sequence. For there to be a down Channel pt3 as indicated on the referenced chart, there must have been a dominant move from it's pt1 to pt2 created by a down Traverse. This Traverse must end at 10:00 to start the non-dominant leg of the Channel which puts in the pt3.
Say R/R, it's great to have some dialogue about this stuff. I will get back to you but today is freakin' income tax prep day which inevitably takes longer than what one might think or would want to think. lj