A New Contra-Undicator

[Thunderdog]

Quote from MAESTRO:

Well, you should be careful with those CONTRA UNDICATORS! You never know when they reverse on you!

Yes, we ignore elasticity at our peril. It may snap at our fingers just as we feel success is within our reach.

As an aside, do you think that Bollinger Bands were named in honor of Mrs. Bollinger? As I have never seen her, I cannot comment on her size. However, I have it on good authority that, although Mr. Bollinger currently favors using 2 standard deviations for this undicator, he only used 1 standard deviation while they were still courting many years ago.

 

[MAESTRO]

Quote from Thunderdog:

Yes, we ignore elasticity at our peril. It may snap at our fingers just as we feel success is within our reach.

As an aside, do you think that Bollinger Bands were named in honor of Mrs. Bollinger? As I have never seen her, I cannot comment on her size. However, I have it on good authority that, although Mr. Bollinger currently favors using 2 standard deviations for this undicator, he only used 1 standard deviation while they were still courting many years ago.

Although I have no doubts that Mr. Bollinger admired his wife Undicators I am now convinced that he was thinking about the Bollinger Sparkling Wine rather about his wife when he developed his bands. After all, it’s easier to predict the future after a couple of “Bollingers” than after talking to your wife!

http://shopping.msn.com/results/spa...?text=category:sparkling-wine+Brand:Bollinger

P.S. James Bond was a big fan of those Undicators
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/10-26-2006/0004460394&EDATE=

 

[Vienna]

Quote from Thunderdog:

Just goes to show my ignorance. I always thought that undicator referred to a visible panty line that shows through a woman's clothing. And these, in turn, offer some of the most fascinating lines of support. Further, the vertical steepness of such lines may provide an implicit indication of the level of resistance.

That is where I think you are confused. Panty Lines are lines of Resistance, not support, but they can be overcome if your trend is strong enough. Hence the need for a big increase in Volume, as JH always points out.
This also explains why Marketsurfer thinks that there are no trends. In the past, he apparently often failed to overcome these lines- he therefore wrongly assumes that all such attempts are futile and that success is purely random.

 

[9999]

Quote from Vienna:

That is where I think you are confused. Panty Lines are lines of Resistance, not support, but they can be overcome if your trend is strong enough. Hence the need for a big increase in Volume, as JH always points out.
This also explains why Marketsurfer thinks that there are no trends. In the past, he apparently often failed to overcome these lines- he therefore wrongly assumes that all such attempts are futile and that success is purely random.

Vienna,
by the powers vested in me, I hereby declare you Undicator's Great Guru!

 

[Thunderdog]

Quote from MAESTRO:

Although I have no doubts that Mr. Bollinger admired his wife Undicators I am now convinced that he was thinking about the Bollinger Sparkling Wine rather about his wife when he developed his bands. After all, it’s easier to predict the future after a couple of “Bollingers” than after talking to your wife!

http://shopping.msn.com/results/spa...?text=category:sparkling-wine+Brand:Bollinger

P.S. James Bond was a big fan of those Undicators
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/10-26-2006/0004460394&EDATE=

We may be working at cross-purposes here. You raise the issue of liquidity which, some observers believe, results in predictable behavior. Such surges in liquidity result in oft-unwarranted biases in the interpretation of undicator lines. Misplaced confidence can prove both embarrassing and costly, resulting in either a figurative or literal slap in the face for the practitioner.

 

[MAESTRO]

Quote from Thunderdog:

We may be working at cross-purposes here. You raise the issue of liquidity which, some observers believe, results in predictable behavior. Such surges in liquidity result in oft-unwarranted biases in the interpretation of undicator lines. Misplaced confidence can prove both embarrassing and costly, resulting in either a figurative or literal slap in the face for the practitioner.

Touché!!!! Once again you prove to me that the practitioner always has the last word! Nicely said!

 

[Thunderdog]

Quote from Vienna:

That is where I think you are confused. Panty Lines are lines of Resistance, not support...

Your take on the matter is a most interesting one. However, I do believe we are interpreting support and resistance in a somewhat different context. You may wish to reread my earlier post, which you quoted, and reconsider my context. Meanwhile, I stipulate to the validity of your proffered interpretation.

 

[Thunderdog]

Quote from MAESTRO:

Touché!!!! Once again you prove to me that the practitioner always has the last word! Nicely said!

Thank you. In the end, I think that the asset or market in question is best observed without undicators, overlays or encumbrances of any kind. Only then will the practitioner truly observe and recognize whether there is an opening or opportunity suitable for entry.

On a completely unrelated note, I suspect that the trader who uses undicators is not unlike the guy who goes to a nude beach and then wonders what a naked woman passing by would look like in a bathing suit.

 

[MAESTRO]

Quote from Thunderdog:

Thank you. In the end, I think that the asset or market in question is best observed without undicators, overlays or encumbrances of any kind. Only then will the practitioner truly observe and recognize whether there is an opening or opportunity suitable for entry.

On a completely unrelated note, I suspect that the trader who uses undicators is not unlike the guy who goes to a nude beach and then wonders what a naked woman passing by would look like in a bathing suit.

HA, HA, HA !!! You made my day today again! Thank you. I was feeling really bad this morning and was in a short trade that was not making it! So the mood was pretty miserable! You saved the day! The trade is over and I had a few good laughs! Have a nice weekend! God bless you!

 

[MAESTRO]

BTW out of sheer courtesy we should all thank the thread originator for giving us this unique opportunity to exhibit our skills in interpreting the most unusual Contra Undicator around! Thank you!