Dimensions and GCN pt 21

Very likely THE TURNING POINT

we will see tomorrow ==>

But we always  need to act today !

"But being a careful listener, you note that there is  beginning to be added 

quite a lot of “filler” to the patter to make it appear that the auction is still

proceeding lower. This process continues until the last seller sells, and

the rant is capped with a hearty: “SOLD

CONTRACTION <===> EXPANSION

Consider of what ?

Yes Volume Yes Price

Yes Activity

But most importantly of TIME

Intrinsic time  in relation to chronological time

and active time horizons ( ONE OF THE WHY's OF THE P&F CHART )

consider this 1 reversal chart makes up the last four columns

of this 5 reversal chart

For example consider the LAST COLUMN

Given this is ONE column on the 5 reversal . How many will there be on the 1 reversal ?

consider there COULD JUST BE ONE TOO !

At the moment we have 27 for sure !

Now consider a 1 day bar chart versus a 5 day ( weekly ) bar chart

such reality is constrained and deformed by being locked in time frames

No matter what. You would have one bar Versus five bars... ALWAYS

On the "figure charts" it will always be what it actually IS.

Now compare the up and down columns with each other and against each other

Have a think what the different ratios might be revealing.

One Dimensional Charts

Versus Market Reality Charts

With at least TWO DIMENSIONS MOVING THROUGH TIME.

These  reveal WORK and INTRINSIC TIME.

Demand MEETING ABSORBING OVERCOMING Supply 

and SUPPLY meeting absorbing overcoming  DEMAND. (OR NOT ! )

WHAT is HAPPENING

and HOW it is HAPPENING

leads to WHY it is happening.

Successful tape reading is a study of force; it requires ability to judge which side has the greatest pulling power and one must have the courage to go with that side. There are critical points which occur in each swing, just as in the life of a business or of an individual.

 At these junctures it seems as though a feather's weight on either side would determine the immediate critical trend. Any one who can spot these points has much to win and little to lose, for he can always play with a stop placed close behind the turning point or "point of resistance". . 

This study of responses is an almost unerring guide to the technical position of the market. 

Ease of Movement , Behavior , CHANGE OF BEHAVIOR , EFFORT , RESULT, CAUSE AND EFFECT etc

Example. Consider today's action produced the first three box reversal (UP )  ( seen on the 1 rev chart ) in the move down from the top... consider that fact in terms of the top picture.

Now were do we see the "investors" ? on the 5 reversal or the 3 reversal or the 1 reversal ?

Where do we see the "traders" ?

Do not answer this question too quickly...........

Motorway