[ QUOTE ]
I see M as a bit of a throttle factor and also a means to guide strategy.

[/ QUOTE ]

I agree. While I left out any mention of a 'throttle factor', I was trying to be clear that it should be a guide for what range of strategies you should be using/thinking about...there are a lot of discussions about an over reliance on M and making fine distinctions between what your line is with an M of 5 vs an M of 6 over at the MTT forum.