Quote from dkm: As has been stated before, the principles described in this journal apply to any market in any time frame providing that sufficient liquidity exists. The gaussian behaviour on SPY will be no different. Are you tellling me that SPY and ES always have the same volume? I don't think so. SPY has more volume. Could even different gaussians be seen by looking at volume in the underlying basket of stocks? Think critically. Trade. Test your "principles."
a case of channel lines extend into the future turn into present dynamic s/r lines http://www.sierrachart.com/userimages/upload_2/1239633473_41_UploadImage.png
Multiple choice question of the day. Why do we have to fan out the blue traverse into the black one? a. The blue traverse is compelte, but there hasn't been a signal of change b. There is no way one can create a down channel here c. We're still moving inside a lateral formation d. Any combination of the above e. Other -- innersky
You forgot these ones: A. The market told you so... (Scratch the questions you asked ) B. You don't have to. You just have to act accordingly.
... your assessment is like Seinfeld's "Half silk, half cotton, half linen. How can you go wrong?" ... increasing red volume, "down" mode, shorter red bar ... by the way, no valid lateral in progress ... for SPY, it looks like the sequence (started 3/30) ended two days ago, on 4/9, and yesterday was the valid signal of change; for ES one day later ... slow sto gave today an exit "long" signal; macd intertwined, currently ~0; fast sto diverging down, above 50%