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Tannism
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Mrs. Erierambler, Thank you for letting us know. Some of us have "known" him and learned from him for a very long time. My condolences. Tannis
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These periods where volume intersects price and price hangs for awhile, are they what Wyckoff calls balance or equilibrium? Places where "traders who have placed themselves in a position to be trimmed are duly trimmed"? If so, is that also the dynamics in casas?
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$1.19 a year so at this price over 5%.
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I am posting OTTR as a foresight trade. Chart 2 My PnF shows target of maybe 32-33. The weekly shows areas price has peaked. Chart 1 I have looked at both of them more closely. The light green areas indicate what have been higher relative volume areas. May thru June 2011 Chart 3 August-October 2009 I would like to see a spring here, for entry. I would put the stop at around 20.69.
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Here is something currently free to put on kindle. Investing with Volume Analysis: Identify, Follow, and Profit from Trends: Buff Pelz Dormeier: Amazon.com: Kindle Store
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I looked more closely at the weekly after you mentioned upthrust. Recently is an uptrust of the 2011 high. I think it would take quite a drop (to dots) for the trend to change weekly. Studies in Tape Reading has some on pressure. He gives an example of an operator leaving momentarily and without his holding prices down, the price floats up. When he returns, he presses it back down. That was his motivation. Looking intraday, it looks like the volume picks up as it approaches the dots at the 2011 high. I am thinking if downward pressure is being exerted to keep the price down, this leans to accumulation (?). But how does one see motivation?
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Thank you. I realized I had log settings and I have had my do-over using your reasoned comments.
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I don't talk much, but I have been following your example from 4/28 on SPX, which goes back to 2011. For me, these boxes help focus attention appropriately.
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I like your chart and comments. Here is my weekly. The volume was much heavier on the left side of the chart. For the potential supply, the volume has been pretty minimal here IMO. For me, a high risk entry here. TannisM
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Does auction bottom imply relatively low volume?
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Ahh! Here a couple more that would have been nice to know. Do you happen to know what formats the software uses? Thank you. I am finding the book more and more helpful with your help with my questions and the link to the blog.
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Do you know what time period he uses to calculate ATR?
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I can't seem to find "normalized volume" in the book. Can you tell me what it is or how it is calculated?
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DB- I don't understand what he means by Divergent/Covergent Lines. Do you think where he writes Divergent/Covergent lines he is referring to any of these notions: Baskerville, the Rhea Dow theory confirmations, something like Mamis' Market Action Indicators, a stock rising say on falling volume, fantasy lines like the MACD curling, something like the IBD RS-line or something else entirely? Thanks, Tannis
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3. There is a random distribution between wins and losses for any given set of variables that define an edge. 4. An edge is nothing more than an indication of a higher probability of one thing happening over another. Is he saying that the edge is the probability the trader through skills, beliefs, baggage, experiences, etc. brings to the moment in time?