T theory has failed and Terry Laundry neither accepts it nor does he have any explanation for it. According to the time symmetry based on the A/D line, we should have topped in Aug 2010 according to Terry. It's 2012 now. And the A/D line continues to make new ATH. How would you explain the extension of the T, 18 months beyond when the fat lady should have sung ? I am pretty much convinced now that any theory that attempts to put a limit on price either in time or amplitude is doomed to failure. You can blame it on Fed, manipulation, extraordinary monetary conditions etc. But i doubt nature would contain the crowd to stop buying/selling on a certain date/time or at some fibonacci numbers or produce crowd behavior in a way as to produce time symmetries.
Just follow the price
My understanding is that he uses the McC OSC
http://www.mcoscilla...t_breadth_data/
T 10 expired and he is waiting for the McC OSC to turn up to form the bottom of a new T
http://ttheoryforum....all20120127.pdf
I am not talking about his short term Ts which is based on Vol MCOsc. I am talking about the long term AD-T which is derived from the A/D line.