The move above the yellow line should not have happened.

Ever since, there was a smooth keel back to the mean (9-day EMA). Currently, there’s nothing bearish on the chart; as a matter of fact, the daily stochastic seems to be embedded in the overbought.

Now, zooming in on the rally that ensued from there, one thing to notice is the lack of volatility.

In the last blog entry, I left you with the idea of what a sustainable rally needed, which was a spark (quick dip below RSI2-15) during the presence of the right combustible combination.

So coming into this week, I made a semafor monitoring for the 3 ingredients:

You heard it here. Volatility should be looked at first and foremost as “Fuel”. The corresponding meme is Harrison Ford slamming on the fuel gauge in an airplane somewhere in India, repeating the word.

ObjectCreate("Lopez"+43,OBJ_LABEL,1, 0,0);
ObjectSet("Lopez"+43,OBJPROP_CORNER,1);
ObjectSet("Lopez"+43,OBJPROP_XDISTANCE,0);
ObjectSet("Lopez"+43,OBJPROP_YDISTANCE,20);
ObjectSet("Lopez"+43,OBJPROP_COLOR,clrGray);
if (RSI2[ArrayMinimum(RSI2,16,1)]<7) ObjectSet("Lopez"+43,OBJPROP_COLOR,clrGreen);
ObjectSetText("Lopez"+43,"ROOT",24,"Impact");  

ObjectCreate("Lopez"+44,OBJ_LABEL,1, 0,0);
ObjectSet("Lopez"+44,OBJPROP_CORNER,1);
ObjectSet("Lopez"+44,OBJPROP_XDISTANCE,0);
ObjectSet("Lopez"+44,OBJPROP_YDISTANCE,50);
ObjectSet("Lopez"+44,OBJPROP_COLOR,clrGray);
if (voldn[ArrayMaximum(voldn,20,0)]>20 || volup[ArrayMaximum(volup,20,0)]>20) ObjectSet("Lopez"+44,OBJPROP_COLOR,clrGreen); 
ObjectSetText("Lopez"+44,"FUEL",24,"Impact");  

ObjectCreate("Lopez"+42,OBJ_LABEL,1, 0,0);
ObjectSet("Lopez"+42,OBJPROP_CORNER,1);
ObjectSet("Lopez"+42,OBJPROP_XDISTANCE,0);
ObjectSet("Lopez"+42,OBJPROP_YDISTANCE,80);
ObjectSet("Lopez"+42,OBJPROP_COLOR,clrGray);
if (RSI2[ArrayMaximum(RSI2,5,7)]<92) ObjectSet("Lopez"+42,OBJPROP_COLOR,clrGreen);
ObjectSetText("Lopez"+42,"NRAMP",24,"Impact");  

nRamp means “No Ramping,” and the number I decide by is 92 (RSI2[ArrayMaximum(RSI2,5,i+7)]>92).

So I was late to acknowledge the takeoff as the Fuel wasn’t adding up.

I had made a filter for a Ramp & Spark combo, which would accomplish less distance than a sustainable rally (an ABC correction typically capping out in strength, breaching the red line (iLow(symbol,0,iLowest(symbol,0,MODE_LOW,5,i))+200*Point), but what happened this time is that it stopped right in front of it (white highlight) and reloaded in a form of an accumulation for a run from a higher low after an undercut of the green line (iHigh(symbol,0,iHighest(symbol,0,MODE_HIGH,5,i))-200*Point).

So the dilemma always comes down to the arbitrary numbers you must pick and divide by and be okay with from here on until something prompts another revision.

The conclusion I have now is that you need 19 or larger print on the Market Type for “sustainability”. We had that (see image #3), but the spark wasn’t on cue. The proper cue was provided by the accumulation (black oval).

The slipknot would suggest more downside, but the next spark would have to be thoroughly examined, as it is likely going to be a continuation buy.

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Making up new words and expressions is not something AI is ever going to excel at. AI is not an entity; it should be thought of as a collaboration of people.

[Verse 2]
Stage-a-voo
What the cock-a-doodle
To do?
It's not like I could conduct
A switch-a-roo
I seem to be low on stock

[Bridge]
Is this a silent movie?
I fell flat on my face like
Buster Keaton
While you walked right out like
Mae Marsh

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This Prince parody has quotes in it from The Temple of Doom.