Burger flipper = 2 weeks = 5.25hr Delivery person= 2 months= 10.00hr Technician = 2 years = 20.00hr Engineer = 4 years = 50k year Trader = ????? = no limit
i don't remember reading about how point 3 is ultimately established but is it that, the new trend begins in a tape channel which expands to the right to form a point 3?
ok i answered my question, the answer is 'yes'... now... does volume have something specifically to do with the establishment of point 3? i believe the answer to be that pt 3 is established on falling volume but where is the proportional trough point?
Jack posted this in the stochastic indicator thread. http://www.elitetrader.com/vb/showthread.php?s=&threadid=14129&perpage=40&pagenumber=8 It's about halfway down the page, and is a response to dawg. HTH Anthony