Replies to post #2998 on Wyckoff volume benchmarking / market profile bt a

[jxyzobrien]

long in the hole not short in the hole

finding what it is
asking the right questions

is this a sub wave of 3 so 3-4 or wave 4
if we stay in value and just chop then this wave 3-4
we are balancing -y (in value area and choppy)

if this is wave 4 it will be greater then wave 2 since wave 3 much bigger
then wave 1.

the inventory was all short so and adjustment to inventory
is 65% possible

futures traders are often out of position and vulnerable to attack
the market became long in the hole (late buying far out of value)
peter R thought gap. that is just miss read.

FED day so
3 parts to the move an ABC (scooter), first wrong, 2 opposite, then
the 3rd is the direction.
fed day famous for choppy till the news at 2pm

market in value
looks like sub wave

[jxyzobrien]

fed next day is usually opposite
so if its down today expect up tomorrow

usually 3 part move after rate decision

[jxyzobrien]

value area failure
in the 3