Spyder (or any other experienced traders here), can you post your chart with the annotations around the EOD?( the last hour of Friday) How would you (should one)interpret the sequences there with respect to their (in)completeness? TIA.
Tell me about it. The mrs works at Lehman Bros. I dropped her off at her office, the Lehman headquarters in midtown, at 7am EST and she walked in among the camera crews with an empty moving box to clear her desk... I'm still stunned a deal fell through... I guess I'll be doubling up on contracts...
My thought is that we will be having a rather large gap down so we start anew regarding development of traverse and not look for continuation of Friday's close.
That was my thought as well. I guess, that the news about LEH should be viewed as a kind of reset for the market.
10:15 was obviously a Pt2, but I must admit complete confusion as to why it was not an FTT/SOC of a Pt3 traverse up.