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So then what conclusion do you come to? Or does one come to a conclusion at all? When you previously said you ask yourself this all the time, (with regard to why funds hire 1000's of quants and try endlessly to exploit edge) is the question just rhetorical. Is looking for the answer just part...

Would it be because they have to make money each and every day. They have to consistently perform for their clients, or else the client money stops coming in. If they don't continue to grow, they fail. Like sharks, (always swimming or else they die) the funds have to continually grow where...

Happy New Year to all. I believe 2012 will be a profitable year so long as we all have a plan and execute it with the help of ACD, (and of course, Maverick and the many others who lend their time and experience to the thread). Best Wishes in 2012!

Anyone see F today? I was trading a collar on this the first half of the year, (haven't bought puts lately since it didn't make an A down for Dec). Nice relative strength today against the S&P. Collared it because I figured it'd run too much in 2010, and with the dividend to come back...

Wow, Really, bummer? I thought he'd mentioned that it was really giving him an extra edge with his own system. That's too bad. Well best of luck to him in the new year, and here's to hoping Mav continues to enlighten us all! Cheers to All,

Still like the XLV here, but a bigger fan of JNJ than BMY since the "bad news event" last week. JNJ A up today

Hey All, Happy Holidays, hope everyone is enjoying their respective time-off. Just wanted to mention that I got Joe's book over the break. Wow, pretty amazing what he's written in there. If I had this book a year or two ago I'd have been a leg up for sure. It's on the basic side...

Smoke 'em if you got 'em. MO continues to work off of yesterday's failed A down.

It's early still, but I think we have a case of bad news good action in BMY. Liver drug didn't yield the results they'd hoped for after the conclusion of their latest test. Hasn't broken yesterday's lows or the bottom of the daily OR yet.

Just shot you a PM

Nope, it's windy and unseasonably cold... I live in So Cal

Yes, Happy Hanukkah, Merry Christmas, and Happy New Year to all... before I forget

Good for a scalp, maybe more... Check out MO. Confirmed monthly, and today failed intra-day A down at 29.58. XLP is now showing a better number line than XLV names.

If it's the stock I think it is though it shouldn't make an A-down for the rest of the month, (unfortunately that's what happens when you don't update your excel spreadsheet!)

Failed, it moves higher, (had me worried though) :)

BMY being taken out to the woodshed today. People swapping out of div yield for high fliers? I have an A down intra-day

Like you say, we may use ACD differently, but we agree on price action

Some new adds to my radar: KO, PM KO making the monthly today, (on my levels) and the relative strength there is awesome. Of the sectors I follow XLP is now better than XLV, (30 day number line is -2 versus -3 for the XLV)

Looks like an intra-day failed A down in the SPY

Something else that might help is that you want to remember that an A is a bias, not an entry. B would be where your bias becomes neutral, not necessarily an exit. Fish says this in the book, but personally I do feel as though he muddies the waters a bit in some of his examples. Bias is...