Hi Aurum, Sometimes the memo gets routed through the back office. Not sure if this is a draft or the final, but it's covered. Regards, - EZ http://www.elitetrader.com/vb/showthread.php?s=&postid=1995892#post1995892
Just saving room in order to have the ability to post the charts 'in line' with the thread. I've received a few requests to include the times and Price, so I'll break up the charts into various sizes in order to comply. - Spydertrader
And that increasing red volume 1150 eob indicated that what once thought to be a non-dom traverse is widening to the size of the channel, and therefore the BO of the blue channel RTL may be in the books?
I saw it but after spending a few minutes figuring out how to fit it in, gave up cause my mind was preoccupied with more existential question - what was different today compared to when one would expect another dominant traverse up instead of BO. Starting with VE of the blue channel 1120 eob, if what took price back to RTL would have been a non-dom traverse one should have expected FBO. But since it widened to the size of a down channel, then it would make sense that 1120 eob VE of the blue up channel has ended it?
And now it looks like we started building a new up channel by creating a first up traverse followed by lateral movement.
I agree with your assessment Romanus and what's totally freaky (just speaking for myself in respect of the freakiness factor) is that the anticipation afforded by the Tape/Traverse/Channel (TTC) paradigm lets one sit comfortably through 2-2.5 point undulations until Ms. Market does her thing. lj