So whadaya think about where we are now, avi? A properly annotated chart, of your own creation, will no doubt provide an irrefutable answer to my query. FYI, brevity is not by default, pithy. Briefly then, where's the second traverse change signal? Certainly not bar 51? lj
Always worthy of a reread... Channels Document: Channels For Building Wealth A Background Paper for IBD MeetUp Tucson By John T. Hershey you can find the link on the first page of this journal: http://www.elitetrader.com/vb/showthread.php?threadid=83604
How does one build a traverse? How does one build a channel? The only thing I clearly recognize in your annotations is the turquoise is indeed a tape. It's unclear to me how you came to your conclusions regarding the gray "traverses" and purple "accelerated channel." -Au