chart., page-94

As we are all painfully aware. Price broke out of that range bound area. Unfortunately it sent the price plumeting. No need to state the obvious. But waves voided. Due to the range bound chanel taking priority. I remember someone from the day traders thread posting that confirmation isn't needed. Well we can all see how blatantly wrong he/she was.


Never forget. Confirmation reigns supreme in the market place. TA is King. With FA at best representing a foreign dignatory of low level, visiting the palace. He should be sheltered and fed. But no real attention paid him. And all are happy to see him depart.