[dpaterso]

Good (Monday) morning!!!

I just thought I'd post a chart of how I INTEND to do the 'B', 'O', and 'S' sequencing (to see whether or not it DOES INDEED have merit).

On the attached chart I've chosen three points. Now it does not matter from WHICH of the three points I start the sequence TODAY ALWAYS is an 'S' day and tomorrow will be a 'B' day no matter what. This is what I meant earlier when I said I'd try to find two or three points and if they ALL designate TODAY / TOMORROW as being the same 'type of day' then I'm happy that I've got the correct sequence.

Now this is actually a very good test (today) for the simple reason that EVEN ALTHOUGH today is supposedly an 'S' day the price has already moved right through B1 and of course the temptation is there to place the order at B1 (which by NOW i.e. at the time of posting this post would have to be a stop order). BUT: if there is any merit to the sequencing then my 'guess' is that the price will continue on down today AND tomorrow BUT tomorrow WILL BE A 'B' day SO THEN it's time to place the order!!! If you'd placed a limit order to buy today the order will have already been executed at this point and you'd now be carrying a loss. Let's see what happens here tomorrow.

(This is obviously open for discussion and input)!!!

Edit:

I've attached the same chart with the RTS levels indicated (this chart is about two hours later than the first one and as you can see the price is still dropping).