Hi Billy,

I have been pondering this sentence and sense there is an important learning in here that I am not fully understanding.

You wrote this AM:

"The progression was calibrated to provide growing support and diminishing resistance within ATR bands each and every day without exception."

I understand what ATR means, and I think I understand that the MM's helped move the price of GDX above higher and higher strong/important resistance levels over the last few days; but what did you mean by "within ATR bands." I looked at ATR(20) on freestockcharts.com, and see ATR(20) from Jul 7 as 1.42, 1.39, 1.39, 1.43 and 1.50; and based on closing price.. calculate the ATR(20)% as: 2.52%, 2.47%, 2.50%, 2.49%, and 2.53% - Is this the ATR band? Are you saying that MM's moved to the next major pivot level when it was within the ATR(20)%?

Thanks,

Shawn