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Here is another way to determine thrust..
If the Oscillator-Predictor can't contain the
bars, it's THRUSTING!
See attached.
HRC, B&B in Oct, Osc-Pred.
NCOG, B&B in Oct, see Osc-Pred and MACD,
Those two come from actual trades.
See how the thrusting bars are longer than
regular bars.. Even on these, the thrust is not
as dramatic as it could be, though it is
good enough.
If the thrust is REALLY good, it will not even
pull back to the .382 of the thrust, you
will have to drop to a lower time-frame
to get in! Really! See the top of the page
in Joe's book where he describes the
B&B, he says to drop to intraday chart
for this reason. Sluggish thrust = deeper
pullback, strong thrust = lower time
frame or the trade will get away from you!
Intermediate thrust = .382 pullback of
the thrust..
You can tell, I'm really harping on the
value of thrust... No?
-Neal.
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