CORRECTION: Coffee Filter 105--BEAR arc markings.
Freeus wrote: The filter was looking a little peaked so I cut another for the bear. I'm not sure I have it placed correctly however.
Number 12: 45 [degrees]?
BINGO!!! Interesting that a 45% trendline shows up so plainly on a BEAR sell-off. Now do you understand why some shorts on this and other QCOM involved threads were so confident about putting on their short positions?? Selling/initiating short strategies against a 45 down TRENDLINE, and buying initiating long strategies against a 45-R UP TRENDLINE are pretty much "carved in stone" safe bets, (if there is such a thing as "safe") strategies in bull AND bear markets. MANY such instances of profitable entry and exits from initiating positions at 45-R (Bull) and 45 (Bear) trendlines IN LONGER TERM TIME FRAME Visual Aid perspectives are viewable if you would just take the time to make this a part of your knowledge base.
Your Response to Number 12B: 22[degrees]?
CORRECTION HERE!!: Freeus, we have an arc numbering error here. I failed to catch it sooner. I'm so sorry! Please cut and paste/scotch tape this correction into/or literally onto the offending paragraph in original Coffee Filter 105, thank you.
NEW, CORRECTED BEAR Wedge Arc Markings are as follows:
Just as in our BULL market placement Wedge, where TIME axis = 0 degrees, so by inverting the Wedge placement, i.e., flipping it over to the "BEAR" side, TIME is STILL ZERO degrees, even tho' the BEAR TIME AXIS is now parallel to the TOP of your Visual Aid or computer monitor border.
The correct answer to directed observation Number 12B: is: 67 Degrees of Bearish Arc.
Number 12B: which originally reads:
Same [Bearish] Coffee Filter Wedgie Placement, and squinting only: what angle of descent do you observe Visual Aid Marking from Marking 8 to Marking S-3 to be? Write your answer here:____________
CORRECTED REPLY: A 67 Degree of DECLINE is NOT friendly on the BEAR side of Coffee Filter Wedgie degree of arc. It is Equally a potential area of ascending price resistance on the BULL side of your wedge. 67 arc degrees is DEFINITELY NOT a sustainable sell trendline in a bearish sell-off.
Truth IS: A great MANY additional short positions are initiated on the 22 Bear Arc Degrees, which would be the first descending arc measurement from the top BEAR TIME AXIS to the 45 Degree Crease on your Bear Coffee Filter Wedge Placement exercise.
SECOND CORRECTION: Where the 22 Degree of Arc was originally typed in the following answer, please replace that with the 67 Degree of Arc correction Below, Freeus.
Your Answer in Bold: Number 12C: a little less steep.
My response in italics: Woops, I believe you need to check again on this one.
From 8 on the top, which marks Resistance 2 because the rally abruptly stopped in the Degree of Entropy climax, please re-draw the line from 8 to S-2 and beyond....you will find it to be about 45 Degrees as you correctly asserted earlier.
However, if you would draw a second "bearish fanline" from Marking 8 to Marking S-3, you would find it a STEEPER rate of descent than the 8 to S-2 descent. Another way to visualize it is put yourself into an SUV of your choosing. Now visualize the difficulty driving back up a 45 degree trendline descending from 8 to S-2. Driving back up that 45 Degree downtrend fanline would be quite doable.
Now visualize the increased degree of difficulty making the drive back up the CORRECTED 67 degree trendline descending from 8 to S-3 The steeper the descent, the less likely you will be to keep your SUV on the 67 Degree Downtrend fanline "road" back up to the top.
Again, My apologies, Freeus, for making that Bear TIME Axis the wrong arc degrees of Marking. RE-mark the "upside down" now, BEAR-TIME axis as ZERO degrees and we'll be on the same "Coffee Filter Wedge" again.
Please grace me with your kindness: I'm claiming temporary heat stroke, and gold glare in my eyes, as my excuses....<g>,
Porcher-ly yours,
O/49r |
