Let me give you an example. I claim that the attached chart of the minute following the close proves the validity of Jack's PV Relation using code I could print on one side of a note card. Am I bullshitting you, or telling the truth? Or is there any such thing as truth on ET? If what I say is true, WTF meaning do many tens of thousands of excruciatingly overcomplicated posts about SCT here have?
I know little of Jack other than what he has freely chosen to reveal about himself here. Years ago I verified on the web that he is published, and at one time had an activew community charitable presence. News clippings prove that he was active in volunteer EMT and teaching survival skills. But a rich man he is not. If you know people in their 80's and 90's who are kind and gentle they are already vegetables. The young say that living well is the best revenge. I say that outliving your nemeses is the best revenge. Mine have been dropping like flies for the past five years, to my great and enduring satisfaction.
Oh well, good luck to Mr H and his followers... Here is the PinkyBlue for Wed!! http://oi44.tinypic.com/25hcysm.jpg Pinky is mad. I think I may have violated the NDA by mentioning Pinkness and Blueness.... Don't make Pinky mad. You wouldn't like Pinky when he is mad. (He turns green and swells up).
I guess our misunderstanding each other is that you think I trade the same instrument as you do. It would probably be best if you put up a blank chart for me to annotate part by part. If you wish make the parts as small as you wish so I can indicate to you my status all the time from hold to reversal and back to hold. Please do NOT use ES since, for all intents and purposes I have traded and memorized it in the past. what I dp works on a bout 85 different P,V data supplied markets and instruments. In the past I have been tested this way on markets that were faked as ES. See cash cow threads
Volume Shapes: U-shaped volume Volume is higher at the ends of the chart pattern than in the middle. Usually, the volume peaks correspond to price turning points in the chart pattern. U-shaped volume has the most chart patterns in its list â 27. The following table shows which chart patterns do better post breakout with U-shaped volume. <img src =http://www.elitetrader.com/vb/attachment.php?s=&postid=3416669>
I am missing something. Being neither kleen nor sobber. What was the point of reserecting this foolishness? I did a quick scan of it and could make neither tails nor heads of any of it. The bare simple truth is that Jack's unalysis totally ignores the market internals that reveal the future direction of price. Total volume? Kiss my ass! How much of that was sells and how much buys? That is beyond Jack's senile senescent feeble-minded ability to capture.