Hey Don :
-----> I am coming to a conclusion that this STAIR-STEP is actually TRIANGULATION. The focal point being 8600, which would equate to the APEX of a normal TRIANGLE.
Scott and someone else asked me some candlestick questions in the past 2 days, It's been so long, and I was never adept at best with them, I hesitate to comment.
BUT
You asked, and I'll attempt -----
the premise of the StairStep appeared , at first blush, to me to be a modified triangle adaptation. Now that you've come to somewhat of a similar conclusion, I'll add that normally there is decreased and compressed market action, as well as I can recall in a "normal" situation.
This current action is outside the realm of what my BBx can handle with ease ----- that's why I'm having difficulty in getting trade signals from it.
A good indication that you and I operate in roughly the same field of forecast is that seldom do we differ, even tho we're using different data and different analysis.
The points of 8600 between us and the days of movement are common between us. You are exploring newer aspects with things like the StairStep and I'm being patient, probably because I'm older but not wiser. ...... ggg
We both agree that FA over rides TA.
I feel this market is deluged with factors of grave import, lesser import, and some small measure of manipulation which will dissipate some next week ...... I feel the overhanging clouds have been discounted somewhat in the market price, yet as all reading this knows ----- The Street doesn't like unease and unknown .
and that's all I have to say about that ...... gggg
Regards ---- Nemer |
