For those curious about Terry Laundry's Magic T, this guys posts are enlightening.
From April 29th:
T-Theory ThoughtsA place for the old and slow to reach investment decisions, dedicated to the teachings of Terry Laundry
https://ttheorygroup.science.blog/
"The long T which I wrote about in my post of November 22 completes today (April 29th). As much as T Theory works, I still get a feeling of amazement when a T ends successfully."
We do not have a new Volume Oscillator peak that is above the last VO peak. That means that we have reached the end of the last T. And now we must wait for a new one to develop.
T Theory was never about shorting the end of a T, but finding a new investment period that will show greater strength, after a period of cash buildup. Price can and very often does move higher after a T ends. It’s important to see when the cash buildup period begins. Using an old concept, watch how price reacts to the peak in the Volume Oscillator. Does it continue to move up as the VO recedes? That is a sign of ongoing strength. Using a newer concept, does the VO create a complex top, or a simple one? A simple top would mean that price recedes with a quick move below the zero line on the VO.
At the moment, I am expecting a new T to be formed sometime in June. A more exact time might be evident as we approach it.
PS: Watch the VO for a breakout.
PSPS: The "real" VO data is always incomplete immediately after the market close. Wait for the adjustment before getting excited.