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That is how I would interpret it. If we go to the NQ_ES intraday Median
Point view we see a revealing picture of failure at the median lines...
bobr
----- Original Message -----
From: "Timothy Morge" <tmorge@xxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, August 14, 2001 11:12 AM
Subject: Re: [RT] Mkt - ESU1 August profile
> Bob:
>
> Can I assume you interpret that as meaning that price tried to rotate back
> into the "value area" but was unable to, so it rotates back to the tails?
>
> Tim
>
>
> At 09:54 AM 8/14/2001 -0700, you wrote:
> >Just fooling around with this Price Distribution Activity Bar. In the
> >reading/tapes Joel said something about the holes in the price
distribution
> >being important. Couldn't help but note where the ES is in the August
> >distribution. Course I may have this thing wired up wrong.
> >
> >bobr
> >
> >
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> >
> >
> >
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> >
>
>
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Attachment:
Description: "NQ_ES.GIF"
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