Quote from Joe Doaks:
Remind me please, Jack, are the grey bogey men A/D-ing shorts or longs? I always get confused about that. Especially the guys who are hedging. It really hurts my head.
the markets are so huge that we have to be parasitic with respect to the big money which is not making much money.
So accumulation is the term used for what people do to get a scarce quantity.
when a person no longer wants a quantity he unloads it as a plentiful quantity and makes sacrifices to achieve his goal.
Our three Holy Grails are parasitic, technical, psychological and they frontrun. the profiles for each appraoch is that as defined by the SEC as "insider trading". Harris shows the box on page 199 of his work.
One holy grail has been fully explained in terms of rules and the leading indicator of price which is the signal. the column in the platform where it was first used has the name: "Unusual Volume". I didn't change the name I just made use of it.
this naming points out the oreintation of those who sell platforms. they do not know how markets work nor do they provide complete high utility platforms.
this one pager was checked out using a 400,000 unit sample. nothing was changed on the one pager.
the Essence of PVT is to only trade stocks that have one look. Thus they all look alike is the essential character.
Each Holy Grail is simple and repeatable. Traders who use these Holy Grails find they are consistent.
The thread where the stock selection (Universe) appeared is closed. the date and time of the thread is SEP 04 and it was on the 25th. Copy the four pages. the appraoch has been used for 54 years so far.
Some more modern stuff is available.
One of those people who cannot learn or get things straight fouled up the rules for testing a sample and fouled up the sampleas well. His results were statistically insignificant as a professional would assume. He never tested the Holy Grail this system represents.