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Old 02-16-2008, 02:02 AM
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Re: Pattern Recognition at S/R

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Soul,

thanks for the post. I see what you mean by MP being as simple or complex as you want to make it. Are these MP patterns you speak of such as P shaped etc. in the MP book you've talked about before? Is that the Stodemyer (sp) book?

In your last chart you have a blue highlight on the volume bar. Are you indicating that volume is less on that bar even though price is higher? In another post you said you don't use the volume delta ocs because you read volume. Does one read volume in the same manner? in other words, are you looking for the divergence of volume vs. price such as in the second chart?

thanks again,

David
Not sure which book, but both Dalton and Steidlmayer may have mentioned it. Regarding the chart I am simply showing stopping volume. Divergence is one thing but I am reading the bars and relationship of volume.

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Soultrader, what is the light blue line on the bottom of the bar chart? Thanks.
That is a 10 period CCI.

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