Please give me your comments. By looking at the chart , it looks like ININ is currently in dry up. Since the last bar lies on the intermediate channel RTL support, and vol has decreased, it leads me to believe that black breakout vol is imminent. On Monday, I will look for 3 things to confirm my position. The First is FRV, the second, decreased day vol holding the RTL, a FBO on lighter vol than previous day. The most ideal condition out of the three would of course be FRV before 11:30am est with price improvement. If you look at the gaussian vol you can see a small black bar at the last price point. ideally I would like to see a steady stair step of black vol creating a B2R or B2B trend.
Hi Monkman, I added in the red down trends to complete the picture. <img src="http://www.elitetrader.com/vb/attachment.php?s=&postid=1342556">
I plan to clean up the Final Universe tomorrow evening after I return from the Tucson Meetings. - Spydertrader
Here is my watch list for those that are interested: Group 7 none Group 1 OMTR - FBO(won't know for sure until tomorrow) ININ in DU Group 0 AXR in DU - should breakout tomorrow 5-2-3 stoh breached 50 GROW in DU ICE in DU Attached is my chart for AXR (the last vol bar is off, should read 175,700, and DU vol should read in the .40s on the bottom indicator) I am still new to the Hershey method so please correct me if i'm wrong on anything. - Monkman
Discussed this over the weekend in Tucson. - Spydertrader <img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=1346573>
Spyder- Do you still have SIRF in your FU? It seems to have lost rank according to the chartscripts, but looks to still have it if I'm just eyeballing the chart. Thanks.
Yes. I had planned to delete SIRF based on Failure to Maintain Rank. However, after updating the Final Universe this evening, SIRF regained its Rank over the last 2 days. As a result, SIRF stays in the Final universe for another month. - Spydertrader