Replies to post #29 on S&P 500 price levels to trade

[rimshot]

reply: my take on today is it continued the "compression pattern" underway since late last week ...

compression by: 1. the price action and 2. the Advance-Decline lines for the major US indices

compression behavior in the chart pattern takes some training and practice to recognize/interpret, but at the core it is simple ... just takes steady practice like most useful habits

today, I had a great mountain bike outing in the area known as the Volcanic Caldera region south of Yellowstone Park ... it is a wildlife refuge ... my favorite location to cross-country ski



info:

The now famous river section known as Railroad Ranch was in fact a prolific cattle ranch in the early twentieth century. Its origin began in 1890 when the Island Park Land and Cattle Company was formed and land was procured south and west of Box Canyon. Several of these early founders were also partners in the Oregon Short Line Railroad. Thus the name Railroad Ranch was born.

The owners of the Oregon Short Line Railroad eventually sold their holdings to Edward Henry Harriman. In 1908 Harriman and the owner of American Smelter, Solomon Guggenheim, acquired the rights to the Railroad Ranch. Both of these men were significant shareholders in the Union Pacific Railroad. Later that same year they added the Bob Osborne ranch that lies south of Osborne Bridge.

Edward Harriman never did visit the ranch. His sons Aerill (a New York governor) and Roland Harriman were intimately involved with the property. Aerill’s primary interest was recreational due to his political career and business pursuits in the East. Roland, in contrast, was the overseer of the ranching operation, and lucky for the many generations to come, an avid fly fisherman. Both of which continued until his death.

The Harriman family began a transfer of the ranch property in 1961 to the State of Idaho. The total gift amounted to 22 square miles of land and the operating ranch itself. Following the guidelines set out by Roland, the Harriman family ensured covenants were in place to protect waterfowl, regulate fishing, and ensure the ranching way of life. The grand gift of Harriman State Park was opened on July 17, 1982.