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I didn't say they fleece them by creating divergences between indicators and price; they fleece them by encouraging them to believe that "indicators" have some sort of value. Whatever "value" indicators may have, however, lies only in the mind of the beginner. In the real world of trading, they...

If you're including indicators in your "divergences", then your divergences are calculated at least in part. Therefore, the relationship is there. This is not especially difficult, nor "hard". But it is largely imaginary if indicators are used. LC

For fleecing the amateur. LC

"Divergence" is just another tool employed by professional money to fleece the amateur, like Fib, "pivot points", and so forth. There may be feints and fakeouts, but the only "divergence" -- if one could call it that -- that matters is that which occurs between price movement and the level of...

Thunderdog. The new Tampa. :)

How mimsy of you :)

Why does this not surprise me? And why do neophytes argue with such conviction about things they know so little about?

How true. Just the other day, I was short the rain. And damned if it didn't stop in mid air and begin to rise . . . LC

If by "you", you mean me, I don't know what you mean by "this way". In any case, unless KPC is displaying only a single tick on his trading chart and no other preceding prints, and has consulted no charts of any kind before the beginning of the trading day, I suspect he is at least somewhat...

You exhibit a fundamental misunderstanding of what it means to be in the moment. You aren't "surrending to the way things are"; you're surrending to the way things have been. LC

You're internally inconsistent. Caps or no caps, "already doing" is no different from "has been doing". And "tends to keep on" implies prediction, regardless of the term used. Otherwise, there's no point in looking at the "already doing" and the "tends to". Quoting a book doesn't add any weight...

Actually, your focus in all this is not IS, but HAS BEEN. If you are going long simply because price has been rising, or short because it's been falling, then you are predicting that price will continue to rise in the first case, or fall in the second. You have no other reason to go long, or...

We're not telling the market anything. But we have to make a decision whether to buy, short, cover, etc, based on what is happening now. What you call it is beside the point. LC

KPC, for what it's worth, I agree with you. The problem is that these arguments get mired in words and the meanings of words and the shadings of meanings. When those who trade in the moment talk about "prediction", they're referring to those who enter because price WILL do such and such, and...

That's pretty much what we'll be doing starting next month. We weren't in a position to sell at the top, but we were able to sell within 10% of the top, which is pretty good AFAIC. Now we're looking for some place to rent until things begin to come apart. LC

I couldn't get prioritymaster to work, either. Too bad. Sounded like a good idea. LC

Sorry. I'm fascinated by what he likes to call sentences :) LC

No, just more important things to think about than 35-year-old situation comedies. LC

You really ought to learn to disguise your style. Peeking around corners wearing bushy eyebrows and a big rubber nose doesn't enhance your credibility. And who the hell is "sanford"? Or can you not read, either? LC

There were two here: http://www.elitetrader.com/vb/showthread.php?s=&threadid=29005 http://www.elitetrader.com/vb/showthread.php?s=&threadid=33766 but these are several years old. He has other, newer threads at t2W, most of which are in the Price/Volume Forum LC