Technical Strategy

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<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2276148>

 

Moving from point 2 to point 3 and need a dominant after the topside lateral breakout to complete the sequence.

Will be looking for a signal to reverse long at the bottom of the lateral.

Note that Home Sales impending.

 

Bit slow there. Delayed reaction to the sequence completion within the lateral.

Reversal long.

841.75 @ 15:00:24

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2276170>

 

New point 3 established so awaiting sequence re-completion after the lateral breakout.

 

Relaxing through the long lateral.

However, the EmWave (level 2) says otherwise. Plastic paradox and the casual undermining of LTD.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2276264>

 

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<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2276278>

 

I thought SCT was supposed to be unambiguous. How come you all come up with different charts?

 

Having reservations about the long drift lateral I chose to annotate on what I thought was a long trending day.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2276430>

 

Not aware of any news that might be accounting for this.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2276487>

 

Things make a bit more sense after the zoom-out.

<img src=http://www.elitetrader.com/vb/attachment.php?s=&postid=2276512>