<iframe width="560" height="315" src="http://www.youtube.com/embed/iLcNdkfPG5M" frameborder="0" allowfullscreen></iframe> You, you... StupaBasta
In Spydertrader's journals trolls were not roaming free. Only if you get ET's support and tightly manage your thread you might hope for some better participation. First chart is better. Drawing a RTL through '95 and '02 will add some clarity.
Now we are getting down an dirty Thanks for your reply. This is the very reason I feel is the second monthly chart is something to discuss and rule out if it is an error, or possibility. Explain what I see on second chart: *If the first 3 part completed container ends a long up move on Oct 2007 throughout the years you mention, does that only complete Leg One UP Monthly Scale. *Oct 2007 to Aug 2010 the retrace of the up channel. Leg 2 *September 2010 to current, the 3rd and final leg of this huge up channel. ------------------------------------------------------- ***( or does September 2011 end a down retrace that began on Oct 2007 and now the first leg of final container up just beginning ? ) ---------------------------------------------------------------------------- What I am getting at is this entire monthly chart from the beginning, a huge up channel... which has completed leg 1 on OCT 2007 ( 3 part build ), completed leg 2 August 2010 ( 3 part build ) and in the final 3rd leg move up ( which can really go sideways for years if it were to be ) which, within its 3 part container, is in its final leg up, which would whenever year it ends, is the start of a monthly down channel. I don't have an answer to any of this, whether the first chart better represents the market, or the second chart. I am throwing it all out there and see what comes from highlighting different views. Like another thread mentioned...Getting down and dirty is where the rubber meets the road . Lets get dirty
That might hurt Jack's feelings. Then again the guy is an armored tank built to withstand the toughest of critics. This is about the method itself and nothing personal towards anyone who posts. We are getting real here, no bullshit follow the leader and not have a thought to yourself. Everyone welcome in this thread no matter the view. No personal attacks. keep it clean on that level.
Now, here is a DJI monthly chart going back to 1995 to recent. This is what I am discussing in terms of a large up channel on a monthly scale. I am looking to see if this is this a possibility of what is taking place ?
Nothing personal , it is your chart I just point to the failure of Jack's so call pattern , you can see FTT's only after the fact, you have a peaking volume usually @ support or resistance levels.
Wanted to point out you are welcome to post freely your view. I am not filtering anyone. You may very well have an excellent point I have not come across. All posts welcome from anyone all I ask is nothing personal. On another note, I have the complete collection of JH dolls from the gift shop
Here is version 2 of the Monthly DJI There is missing volume in the image. I have it open elsewhere, expanded this for price containers