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Re: [RT] Mkt - ESU1



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This weekend when rummaging through my library of an embarrassingly large
collection of mkt stuff I discovered that I had two audio tapes by James
Dalton when he was with Zap Futures.  A manual accompanied the tapes.  So
far of all the MP related stuff I've read or listened to, I have to say
those Dalton Tapes and manual gave the best intro to MP and how it is used.
I doubt if the tapes are still available from Zap since I got these some
time ago, would be worth a check though if the subject is of interest to
you.  One psychological characteristic that comes from looking at an MP or
Activity Bar chart compared to an OHLC chart is that it seems to be a lot
less stressful.  Infact the AB chart must be doing what a lot of us do
subconciously.  Another characteristic mentioned on the tape is the tendancy
to trade a higher time frame and pick more strategic points to trade around.

bobr

----- Original Message -----
From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, August 13, 2001 9:59 AM
Subject: Re: [RT] Mkt - ESU1


> Let's take another look now that a few hours have passed.  Note that
> Monday's open was within Friday's box or value area.  That by definition
of
> the MP fans is a no trend day potential.  Had it opened above or below
> Fridays 1 std box, then the odds would have been different.  So the first
> clue was where did price open relative to the control point on Friday
> (longest cell row).  Then the first hour range was established and its
> remained pretty much the same with a bit of a shift downward.  Note the
> 1190+ has been support most of the day.    So far Monday is not a double
> distribution day as it has only one distribution peak.  Going back to
> Friday, some MP fans would say that was a "P" formation characterised by
> short covering.  So far on Monday its still been a "high" level
> consolidation, but a break of the lower side of the box will bring in the
> sellers perhaps down to the low of the day and then maybe to 1185.
>
> bobr
>
> ----- Original Message -----
> From: "Michael Ferguson" <wl7bdn@xxxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Monday, August 13, 2001 9:25 AM
> Subject: Re: [RT] Mkt - ESU1
>
>
> > YaBut,
> >
> > based on 15m chart and strong resistance at 50% , this also has the
> makings
> > of a double distribution down day. You see any tendency thataway?
> >
> >
> > ----- Original Message -----
> > From: "BobR" <bobrabcd@xxxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Cc: <MedianLine@xxxxxxxxxxxxxxx>
> > Sent: Monday, August 13, 2001 09:19
> > Subject: [RT] Mkt - ESU1
> >
> >
> > > Let's see if this works out today.  If the ES can move above 1197.50
it
> > will
> > > move into the value area of Wednesdays "box.  Then it should shoot for
> > 1205
> > > and if that becomes support, then 1210 is the next target.  So far the
> > first
> > > hour range is within Friday's upper half.  Between the bottom of this
> hour
> > > and the following 30 minutes we should have a good clue of what today
> will
> > > bring.
> > >
> > > bobr
> > > http://www.oextrader.com
> > >
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> > >
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