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The principles of successful stock speculation are based on the supposition that people will continue in the future to make the mistakes that they have made in the past. -- T F Woodlock To a large extent, that's what PAT is all about. The map may change, but the territory is the same.

Revisiting this business of the changing market, I began noticing toward the beginning of April that traders' behavior intraday was becoming very much like a car with a bad transmission: lurch ahead, stall, lurch ahead, stall, lurch ahead, stall, roll back. Tons of congestions, including hinges...

So we can now shoot people for backtalk? Hmmm . . .

We didn't take SHAK, for sure.

It's sort of an omnibus thing :) As for the supply-side stuff, none of this will be resolved until we decide what kind of society we want, and given the divisions in the "we", I don't see a resolution until services are reduced so drastically that the people literally revolt. People have become...

And we're below, though the winter was warmer than usual. All of which is okay by me. We'll see how the summer plays out. (and no locusts this year :))

How many decades before we move on from "supply side" economics?

I can only suggest, again, that you review what I've posted to lajax' and damnpenguins' journals and to the Foresight thread regarding testing, and of course the SLA/AMT. There is a difference between reading and study, and resolving the conflicts in your own head is pretty much a do-it-yourself...

Statistically you may be right. But statistics don't help me when I have to make a trading decision, such as yesterday morning or this morning. As for other PATs, it all depends on the individual tactical sets though the strategies remain the same (reversals, breakouts, retracements). The chief...

Ah, the fag card. You must have gotten under his skin :)

Doesn't matter if it's intraday or not. Any given day's activity is not independent of what has gone before. That's the point of my having posted all those weekly to 1m charts over the past year or so. Understanding the context is absolutely necessary, even if one reaches a decision not to trade...

I appreciate your views as you're one of the few who not only actually trades but has been doing so for years. However, a couple of minor quibbles. 1. Volatility and range have been fine IF one trades a longer bar interval. The swings from one channel limit to another are the same as they have...

And we bounce off the trendline, almost to the tick. Will the bounce hold? Who knows? Who cares? That's what stops are for. 0755: Incidentally, another range from 20-23 has been forming at the halfway level.

In re this series of charts, a heads up:

1. Why not explain "price drivers"? 2. Charts? You believe charts are useless. 3. Open to learn? Really? You think "trend" is a figment of the imagination. 4. If you don't like my "platitudes", click Report. Have a nice day.

Whatever you trade has to be approached. This is the point of examining context. For example, the NQ from two weeks ago through this morning. If you're trading interday, look at the weekly, daily, and hourly charts: If you had, you would have been in last week as price reversed off the...

Depends on the rules. Or method. Or approach. Or tactical set. As long as one focuses on what's in his head rather than on what's in the market, he will have problems.

Instead of wasting so much time playing Gotcha, why not get somebody to explain "price drivers" to you so that you can explain it to somebody else to a point where he/they might actually be able to do something with it/them?

Small caps generally lead the last gasp of an uptrending market while the large caps trail off. One needn't get into motives in order to recognize this and incorporate it into one's trading plan.