At 11:00 plus and minus we go through the top of the congestion first cycle on the failure to BO caused by low pro rata volume. This is the new point three and you now see the 4 O'clock drift mentioned in a prior post: "you used the fifth bar VDU and center was 989.1. The MACD and STOC is not letting beginners and intermediates in. the three bar stall is covering the "short" bracket that took you in. we didn't get the 20k volume so there will be a 4 oclock drift in price into 11:15. keep your 5 min scale on 10 points." All of this gives you a channel tht is slightly off flat and tipping at less than 4 oclock but definitely well after 3 O clock. we are now in congestion and the post I made giving you the centr at 987.2 is fairly accurate still. It is not cast in rocket heat resistance shielding, however. You can see how wide brackets are to avoid entries on failure. you may think that you will never make any money on this bracket offset sum of two parts. Just be aware ofthe fact that this is necessary to keep you out of meanderings like this. We are very keen on not giving money to the market as is happening with the yoyos in the market right now. We will make half the profits for the year after labor day. you should be sensing that you agree with my comments or you might feel a little mystified. The cure for mystification is time and reading. we are in a place where what goes on is going to continue unless something new comes into the picture. get that straight. what is new that is coming into the picture? Well it is 13:15. That is nnew for today . See you just before then. see the frequency? yes, we all do .
Warm up for 13:15. our divergence of the day. center is okay still 987.2 set brackets. and be patient all the way to 13:15 and past that is nescessary. If you do not go in great. If you do, then we prepare for failure caused by....low volume and no indicaor signals. all these mean to slalom if expert. Others do not make it in.
at 13:05 we see the STOS heading for 50% MACD is on neutral at .016. Look for pro rata volume increases. you can sneak to the one min AFTER you see the volume go up. Otherwise kewl it and don't get jumpy with changing scales by going from 5 to 1 min. It gives too much immediacy and emphasis.
we have done a great job here. we are on the mark for the day and we have twoorders in for our bracket. The place where we are handles the situation fully. i always begin to chant at 13:30 . At 14:00 I light my native american signal fire. At 14:30 I get out two kachinas and let ttem go to work. the Beige book is 14;00 hours. Bush did his 8 press conference this aM and it killed everything it looks like. I non flaming bush as the Bible would say. So news is our ally. The monsoon starts here at 16:00 hours. We got 1/3 of our YTD rainfall yesterday. 1.4 inches in two hours.
Okay you can see that there was a news blip and it did not allow any entries. MACD for beginners did not make it. STOCS did but without the MACD it doesn't fly. For experts the brackets were no reachable and then the volume failed. Half of any bars would be more than 2 ticks minimum. Add to that an offset from the stop log (4 back for slow trends today) and you are beyond all of the bars on the chart for today except maybe bar 1 before the sync. If you pick round numbers for stops, you have to offset further to avoid scalping. This came up with the reference on the DJXX. The 990 and 985 values are such. These are round numbers. It happens to be true that 987.2 is halfway between them. That is coincidence primarily. you have to be "outside" round numbers. This is an anti scalper device. While it is only 14:30, you have had a vey good day by enjoying the frustration of not going into the market as a beginner or intermediate.. This is better than washing. Deep summer. and in the face of a Pres press conf (8) and beige time. just remember this as a day that was sooo dull that you couldn't hit a bracket. Oddi: look at how tight you were thinking. On brackets you get a good trend or you do not play. If you do get taken in on a failure to BO, then your brackets are widely enough separated to be able to slalom and make good points (2 or more usually). we all know we wanted to play today. This was an excellent day just like those frebruary days when we started.