Recent content by jwlabno

I think the saddam news will add to the spirit of revival that moved the DOW above 10k a couple of days ago. So I predict some serious berserking extending well into the week. Can't be more specific, berserking, by definition is unpredictable :-)

:) Those newbies, poor bastards, they will never know

In case you didn't notice, you are in the wrong forum. What I like about your post is that while it is crap no different than the one you complain about, it is supposed to make others think that you are not like that at all.

Distinguishing trend from persistency of chance Isn't trend something that a statistician would call the persistency of chance? And in any case, why do we need to distinguish between them anyway?

My 2c Since it's origins, T/A, like any popular concept, has changed (evolved if you like). The major elements in it's change are - increased choice of methods and analytical approaches - increased importance of feedback loops - TA affecting the price which in turn is affecting TA which...

As far as I'm concerned

Although I heard that KGB could...

It always a wonder why do some people need other's to leave forums. Skipping through the crap like preserving quality of posts and all other kinds of glorified reasons, just and righteous, which are simply imageworks, what's left? Are you saying that if X leaves you will have quality...

Mr Market I heard about you long before I read your first post. Regardless of what you may say in your other posts, here, you ask a simple question and I thoroughly enjoyed the responses so far. It's amazing how very vague all the experts become when such question has been asked. It's a...

jb It seems to me there is two themes in your post. First one, how price stays inside 2 or 3 SD most of the time is nothing to marvel about. It's like we were surpirsed the moving average rises when the price rised - of course it will because new higher price is part of the formula. Same...

Or, that measure could be your plain-vanilla price chart

There is nothing psychological or remarkable about it. If you calculated SD for some initial period, say 100 days and for the next 100 days referred the prices to it, you'd find much more irregularities, that is instances where price is outside 1SD. In a way, the mean is like a moving...

Maniac... Hmmm... If you could play his trading experiences, step by step, wouldn't you do it? And in any case isn't it what we all do only on a much smaller scale, so if he is a maniac...?

The significance is pretty much illustrated in the second chart you posted - dst. Sellers lost a battle and it was a huge one - buyers will be in control for a while.

It's not easy to give up large part of a profit when everything tells you to run. I normally prepare overnight from EOD data and note support/resistance and prospective entry and and exits (stops and targets). After entering a trade I always put exit order at the price I worked out the day...