The Return of Activity.
Consider what that might mean !
Also consider
How the markets "Self Organize" seemingly in order->
To do damage to the greatest number of people.
Why ?
Because Markets are only people !
Remember the Totalizator ?
At some stage EVERYBODY HAS to be on the beaten favorite !
The Composite Operator is in a sense our own shadow !
Also consider to what extent the large forces at work contain the smaller.
How the main current carries along the smaller eddies !
Of course these large forces are acting in the "Now" on our smallest scale charts and we will see the changes on our smallest scale charts.
But certainly the scope and power is visible on our largest !
Look at the 10 box reversal chart
8 columns in the base
8 columns in the Top
A complete reversal
Many have played a losing hand here !
Consider also that the choicest plays are likely to come from the opportunities
That do not invite participation. That in fact cause some sense of revulsion !
The very opposite of the "Beaten Favorite"
The "in hindsight good thing at very attractive odds" !
We can not make money in hindsight :-)
And we do not have to !
All we need to do is to keep on with our primary task .
Of identifying the Turning Points !
Remember ? ==> "We have much to gain and little to lose"
So consider these charts together.
The 10 Box Reversal and the 1 Box Reversal.
Look at the character of the action of this last column.
Notice the Horizontal formations.
Note the Behavior
For how else will we identify the CHANGE OF BEHAVIOR.
The Turning Point.
Motorway
View from the peanut gallery;
ReplyDeleteI see a stock that's lost well over half its value in less than a month and has broken support at 036. Five year lows are at 005 and various levels of possible support from 025 down.Its still heading down until it stops heading down imo.
Hello Anon , consider what support and resistance is . consider how much Wyckoff when he speaks uses the present tense NOT the PAST.
ReplyDeleteconsider in that context where opportunity .
And also some of the blogs on this very subject.
What does it mean it broke support at .036 ?
What did it break ? What was there ?
"Its still heading down until it stops heading down imo."
A correct starting observation imo .
What will it cause it to stop going down ?
Will that mean it will up ?
Are they the same thing ?
hopefully I will continue with the series
and we see clearly the answers.
Motorway
It was an imaginary line based on memories of past price action that those with a smidgeon of dangerous knowledge, aka retail investors, were transfixed by. If price wasn't supported at that level then either something went terribly wrong or there might never have been any support there to begin with. I suspect - nay dread - the implications that it was more likely the latter.
ReplyDeleteMarc, curiously still in the dark