A question for anyone who has "Market Timing"--page 163, Figure 4.1 -- can anyone tell me why there is no TD Line drawn between the lows of Feb 9 (the level 1 line) and Jan 22 (the level 3 line)? It would seem that after the close on Feb 10, the Feb 9 point would have been established, and at that point the lower TD Point to the left of Feb 9 would have been the Jan 22 low. Then, on Feb 12, the big down bar (the level 12 point) would have been a qualified breakout (qualifiers 1 and 3) to the downside. Of course, then it would have hugely failed as the next big bullish bar would have taken out any stops.
Anyone with this book, can you verify my logic, or tell me why I'm wrong?
Anyone with this book, can you verify my logic, or tell me why I'm wrong?