Black Monday ??

Samson77 · Apr 21, 2005

Bull Flag - Target reached at 10210 all off.

MAESTRO · Apr 21, 2005

Quote from Dr. Zhivodka:

Hi Maestro,

Question please?

Your sentiment indicators seemed to work yesterday, for the broad markets. Today they seem (and this is my word) to have not worked.

You said in another post in this thread that they "never fail" you. Any sort of update or modification on them or on your post that you'd willing to share.?

Respectfully,
Dr.Z

You are right, of course. The biggest problem with my sentiment gauges is that they could never tell you how much of the reversal you are in to. Today it signified correctly a pull back at around 12:25 pm (see the time stamp on my post). The problem, of course, was that this pull back was insignificant. Yesterday the pull back was much bigger and it set out a perception of my gauges being right on where in fact the accuracy is still the same, its just the trading style has to adopt to different sizes of reversals. Right now they turned "RED" again and you'll see a pull back, but the size of it is unknown. I personally use trailing stops and protective stops to capture those reversals more precisely.
I hope it explains a bit.

Dr. Zhivodka · Apr 21, 2005

I appreciate the answer. I too use a series of sentiment indicators to make short term trades. Thus was my interest in your answer.

Best,
Dr.Z

MAESTRO · Apr 21, 2005

Quote from Samson77:

Bull Flag - Target reached at 10210 all off.

Congrats! A very good call and a very mature execution style! I'm jealous

Samson77 · Apr 21, 2005

Quote from MAESTRO:

Congrats! A very good call and a very mature execution style! I'm jealous

Thank You - Let me know if you want me to take that fund manager position of yours in the Bahama's you where talking about ....

MAESTRO · Apr 21, 2005

Quote from Dr. Zhivodka:

I appreciate the answer. I too use a series of sentiment indicators to make short term trades. Thus was my interest in your answer.

Best,
Dr.Z

As you can see the reversal call was right again except it did not take us too far

So, in terms of timing my sentiment gauges are usually correct, but in terms of magnitude they still need to be improved.

Cheers.

MAESTRO · Apr 21, 2005

Quote from Samson77:

Thank You - Let me know if you want me to take that fund manager position of yours in the Bahama's you where talking about ....

If you don't mind to get series 7 and some other licenses you are in!

iceman1 · Apr 21, 2005

Quote from Samson77:

Thanks - took some off at 10195 ..

good job Samson... so, from what I have read just on this thread you now have too great YM trades with signifcant point gains...

... props on being flexible !

Ok... catch you later... I'm going to do some stretching now

Ice

Dr. Zhivodka · Apr 21, 2005

Quote from MAESTRO:

As you can see the reversal call was right again except it did not take us too far So, in terms of timing my sentiment gauges are usually correct, but in terms of magnitude they still need to be improved.

Cheers.

Well that sure seems like worthy research project. I've been doing this sort of stuff for a long time, 16 years. I Well know how difficult true research breakthroughs can be.

Best of Luck

iceman1 · Apr 21, 2005

Quote from MAESTRO:

I have my own opinion on EBAY:

CUSTOMER CONVERSION RATE.

Unlike any free service EBAY converts 60 - 70% of their clients into the money generating machines. Where all other rivals in this business convert 2 -3% of all opened accounts into a cash flow. Give it a couple months. You'll see EBAY's
numbers rise!

well I expect EBAY to be up 80% by Fall (nothing like hyperbole for a trading forum... eh?). But I do "expect" the gap to fill by then.

Expect? Is that like predicting the future.

ICe