I updated the ES 5min Pace Lines as of the close on 8-15-08. Volume levels have been lower during the non-dominant up Traverse (on the daily chart) which began in mid-July, just as we would anticipate. VDU: up to 8,271 DU: 8,272 - 13,197 Slow: 13,198 - 18,559 Medium: 18,560 - 26,292 Fast: 26,293 - 41,457 Extreme: 41,458 and above P.S. I used a month's worth of 5min ES data and I filtered out all bars after 4:00 pm EST.
Clarification question.. Doing some studying over the weekend, came across this statement in one of Jack's old posts. "Between odds to evens you have hitches stalls, and dips, and between evens to odds you have patterns of pennants." By odds and evens I assumed he was speaking of point numbers, ie: pt 1 to 2 move would be odd to even. This would seem to say that flaws come in dominant moves, and pennants in non dominant. This obviously contradicts some stuff that we have discussed, so perhaps I am just reading this wrong. Any help would be appreciated. Also, I have noticed a pt5 coming up occasionally. It appears to fit somewhere between VE and FTT... Anyone know about this?