Lesson 17

[Trader Question]

L17 (still there),
S87 reads: Day 5 of week 2 finds daily block in nearby weekly S; we assume a strong daily block. In meantime, we are alert to the weekly, recognizing that it is in nearly monthly R. We are also alert to nearby weekly R becoming stronger and support weaker.

Then we go long basis the daily. The HTP is warning us re overlapping R, yet we look into the abyss and buy. What's up? What's more, we stick with our long, awaiting trend run. Hello.

D.A.

[pldot]

=== in week 2, nearby support is at weekly envelope top, so alert tocontinued weekly c-wave up, and if so, then daily will go into a trend run up, definitely, and signs were there as strength moved into daily support that a strong daily block indeed could be anticipated, to show that the monthly nearby resistance was weakening, to expect indeed a weekly c-wave up which would require nearby weekly resistance to become weak. If after buying, strength appears in nearby daily resistance, then weekly nearby resistance or further out weekly resistance, thus monthly nearby resistance, is becoming strong, and the weekly c-wave up is abating,,, and thus alert to a 'no' pattern to occur to the daily trend run up,,, repeat: weekly c-wave up, strong daily support block, can create a weekly c-wave up to break nearby monthly resistance, thus daily trend up. At all times, one must know direction, where it may stop and where strength lays.

=== have just completed editing Lesson 3,, and did I find a bummer there in exercise area,, so do wonder if will catch all the nuances, such as the screen under question here, and make things clear. Dave..,, please continue to pour it on,, so that will not go to sleep here,,

=== In other words,,, day 6 here, saw clear strength in daily resistance, after one has bought during the day, and at end of day, at the end of the week, the trader could see that may not get a daily trend run up, and to prepare for same, since weekly may be going for Pldot refresh, since this is end of week. However, nearby weekly support remains at weekly envelope top in the oncoming week, thus with strong nearby weekly support and c-wave up in nearby monthly resistance, monthly resistance liekly is breaking ,
and most certainly is becoming weaker, and weekly c-wave up continue.

=== the end of the text there clearly states to prepare for a 'no' pattern. But, on Monday, nearby daily support at weekly envelope top, in the next week, was strong to indicate another weekly c-wave up, and the weekly Pldot refresh was completed.

[Trader Question]

By the way, L17 Section 1 Screen 80. Blocks are drawn over days 2 and 3 which shouldn't be there. Should be dotted line with expansion. Right?

Just looked at it again. No dotted line. Expanded confines. Have noticed that more than 4-5 hours per day at this results in diminishing returns.

D.A.

[pldot]

Yes, you have hit it on the head. Take your time and do not try to force this material. It is far better to pace yourself and do only a few hours at most at a time, and let it sink in. Ultimately you are going to trade in a very natural, accepting, and intuitive manner, and will not be fighting the material. Permit yourself the benefit of accepting the point of view presented here. It will bring you rich rewards over time. Don't force it. Learn slowly but carefully. All this will become second nature in time. relax and spend a little time in reflection of what you have already learned as well as in attacking new material.

[Trader Question]

L17 -- 3 dots on is introduced. Comment made re this "twist" then lesson supposedly launches into a discussion which begins with a review of 3 dots back. Fine enough. Clicking to the next screen, however, instead of the expected 3 dots back introduced, we get a new topic! What happened here? Judging from the one diagram, it appears 3 dots on is an extrapolation of the ET. Beyond this I'm clueless.

DA

[pldot]

You might check out the 2-3 dots on discussion in How To... Book.... basically the idea is that if the market advances in one day the amount that it miht normall advance in three days, we often encounter sigificant support/resistance....is one way of forcasting this.... we have found the projecting much further, things fall apart..

we dealt with this in Lesson 10 and didn't think it required much more in Lesson 17. I suppose we might take note of the sequence of the notes and adjust in the revision.....

Of course the dots on sometime fall at the same place as the ET -- why not?....