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Quote from stock_trad3r:

The problem is that the indexes are driven mostly by fundamentals and not technicals. Your system will probably fail as a result of this.
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It's ......eh.........indices.

Loosely driven by fundamentals.

What the fuck do YOU think drives program trading?

How much of TOTAL volume do you think is derived from program trading?
 
Quote from stock_trad3r:

The problem is that the indexes are driven mostly by fundamentals and not technicals. Your system will probably fail as a result of this.
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Not sure how you are bullish on AMZN and then silly enough to say that indices are mostly driven by fundamentals...that would mean that any index that contains AMZN is probably overvalued. :p

And isn't there a famous quote of someone, maybe Dan Quayle, asking "what's the plural of indices?"
 
Program trading is one aspect of it but even that is driven by fundamentals to a certain degree.

What happened to the S&P double top or the dow 12000 double top? Or the other formations that TA should have predicted but that didn't materialize?
 
Quote from SiSePuede!:

Not sure how you are bullish on AMZN and then silly enough to say that indices are mostly driven by fundamentals...that would mean that any index that contains AMZN is probably overvalued. :p

And isn't there a famous quote of someone, maybe Dan Quayle, asking "what's the plural of indices?"
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Amazon is only one small piece of the entire index. Some stocks in the index will be overvalued and some will be undervalued. I was bullish on amazon when it was at 63 and I predicted it would go to 70, but I don't own any and nor would I recommend buying any.
 
Quote from stock_trad3r:

Program trading is one aspect of it but even that is driven by fundamentals to a certain degree.

What happened to the S&P double top or the dow 12000 double top? Or the other formations that TA should have predicted but that didn't materialize?
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FAILURE of a technical setup is a techical signal/setup itself.

As for program trading -I've been involved in designing various algorithms and not one of them had "fundamentals" as an input. Maybe we are just not defining program trading in the same way. dunno.
 
Stating that indices are driven by fundamentals is laughable.

Stating that program trading has any sort of fundamental component is much, much worse.
 
Quote from michaelscott:

I didnt even read what you wrote. Your a nameless, faceless stranger who I dont want to waste any more time thinking about.

As for the SPX, it has stalled at 1532. I really thought it would test the supreme support at 1550, buttttt.... I dont know why I fear price when it gets into the apex of a triangle.

Call me crazy, call me a jackass, drop coverage of me, but I just have this itch and Im not sure where it comes from exactly. These triangles make me a little bit nervous.

By the way, on the attached chart, 1553-1223= 330

1440-330= 1122 (actual bottom of SPX drop=1081)

If the price stalls at the current point or if it does not go much higher then 1550, then we will come back down to test 1440.

What a coincidence that almost every SPX drop in the last few years has been about 100 points. What a coincidence that the SPX had failed at 1440 in 2000. What a coincidence that the price seems to be stalling at the very point where it started to drop in 2000.

All these coincidences are just a figment of my silly jackass imagination I guess...

Sometimes I wonder why all these hedge funds waste their time employing all these quants. Its all about buying on the dip baby and thats it.
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You thought about me?
And of course you read what I wrote...
and even moreso - the truth hurts, don't it?
Shit, I can admit when someone's doing better than me...If I had just listened to those dip buying dips, I'd be alot richer....I can kick myself for it, realize that my trading plan is not perfect, and then I keep trying to perfect it.

Gold is going to 800 - if not, then it's going to 500...
Here's my bold prediction, based on the current octogon formation I'm charting - Corn will go to $2.00, but if it doesn't, it'll go to $5.25...

MUCHO GUSTO!!!
 
There is something on this chart that doesnt seem right. The price has jumped up above the primary trend line and now it seems to be getting funneled. The RSI is completely overbought. This doesnt seem quite right.

If you look at things how I am looking at it, then everything becomes very clear.
 

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Quote from michaelscott:
If you look at things how I am looking at it, then everything becomes very clear.
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With the difference that interest rates back then were 8% and are 5% now :p
 
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