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Yes! The right thought process..
-Neal.
At 09:00 AM 2/16/2001 -0500, you wrote:
Hi
Max,
I'll give it a go. Looks like only 7 bars
going up, and only three of those look thrusty enough for Neal (I'm
assuming). The lateral distance between the two tops doesn't look
*too* bad, as compared to the height of the "thrust".
Whether the heights of the two tops is close enough, who knows?
I've seen plenty of DRPOLAL's with similar differences in height that
acted like DRPO's. I couldn't tell you what percentage that look
like that fail or what percentage make the OP vs. those that make the
XOP. I also don't know the percentages for the perfect DRPO.
Seems odd.
As to "failureness", my understanding
of the point of failure suggests that it has already failed. See
attached chart. If it one concluded that since it was so close to
not being a failure that it shouldn't be considered a failure, then one
would note that the OP of the DRPOLAL has been reached. I believe
that would preclude a failure being defined at this point.
I guess the next to last bar might be
considered a RRT somewhere in suburbia.
At least that's how this one looks to me, based
on all the scoldings I've received in the past from Neal.
Kevin
Looking at this for a DRPO Failure play.
Anyone have comments?
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