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What matters more are the ebb and flow and their character: pace, extent, range, etc.
Once you become attuned to this, you'll detect the flow even in an hourly or daily or weekly chart.
Db
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DB-
Ok- see if I have this- If I watch a 1 min chart and try to ignore the Open and Close hash marks on a bar chart but try to be in tune with the "momentum" of the rally so to speak- is a better strategy?!
Let me try to explain myself- Ok a rally starts and I see a quick and fast movement upwards, about half way up I see it start to sputter or pause for a minute, towards the top- do I see MORE action on that bar or less when the rally is coming to an end?
(i.e. do I see more activity because the herd is snapping it up at the wrong time, or do I see less activity because it is stalling because it will go no further?)
Sort of like a model rocket, it shoots off its launching pad with vigor, and once it reaches its apex, the fuel has run out, the nose-cone turns over and down it comes? Or is it dependant upon other market factors?
I'm very intrigued by this concept and would like to hear some more!
Sledge