Do Trendlines work?

[tradersaavy]

This is an interesting chart duard.
Thanks.

http://www.elitetrader.com/vb/attachment.php?s=&postid=756801

 

[makosgu]

Quote from Grob109:


...
There is one downside and you see it exhibited in ET a lot. I want to not have you experiencing any of this side trip, ever. As you complete all the reading I assigned to you so far get the drill straight on limbic stress. Just write in a post (not a "response") that you finished reading each of the books the day you finish.
...

Now, Discover Your Strengths
Marcus Buckingham & Donald 0. Clifton
Exceedingly appreciated...

"Finished"

Kindest Regards...

 

[wolfenstein]

Quote from John Merchant:

For a real treat, read Soren Kierkegaard's "Fear and Trembling: The Sickness Unto Death".

Poor Hegel.

 

[Lefty62151]

Hello:

I thought I would interrupt your running dialogue here with one comment.

"Notre dame des fleurs" translates to "Our lady of the flowers"

Not my native tongue, but I did pay attention in class.

Now I think I will go out and get some "supplies" for the holiday weekend.

Good luck to all of you.

Lefty

 

[John Merchant]

For deleting my highly literate and relevant post, ET can kiss my sweet articulate ass. Goodbye. "Quoth the raven: 'Nevermore!' " Fucking Nazis!

 

[easyrider]

I really hate to see this thread go down the toilet. Is there any possible way we could get back on subject?

 

[easyrider]

This trendline really gives me pause as to getting excited about this rally. ES looks pretty much the same.

 

[makosgu]

Quote from Grob109:

....
There is one downside and you see it exhibited in ET a lot. I want to not have you experiencing any of this side trip, ever. As you complete all the reading I assigned to you so far get the drill straight on limbic stress. Just write in a post (not a "response") that you finished reading each of the books the day you finish.
...

Knowing How to Know
Idries Shah

"FINISHED"!

Kindest Regards...

 

[duard]

Quote from easyrider:

This trendline really gives me pause as to getting excited about this rally. ES looks pretty much the same.

No selling but very little buying of SIF's. The overnight gap on 5/17 - 5/18 hasn't filled yet. Looks very similar to the end of December 04' just before drop on 1st trading day. Once all the money is fully invested it'll get taken down. Mutual fund inflows hit a high last week.

FWIW and GL,

Duard

 

[icarus618]

Quote from easyrider:

This trendline really gives me pause as to getting excited about this rally. ES looks pretty much the same.

Nice chart. Rather than take on a directional bias, however, I find it the coolest thing to watch the market's operating point transition to a juncture that leaves only one possibility. It's all telegraphed too, as your chart shows nicely.

A limitation of my data provider is displaying daily volume on the charts I view. It's part of the annoyance that comes with spending a couple of hundred bucks a month for their service. Fortunately for me there are various sites available that give me what I want, and they're free to boot.

I like to watch the daily of the cash equivalents of the three indexes that I follow intraday. I call them the three brothers, and there are at times a switch in the usual heirarchy of follow the leader with the index I trade squished in the middle. Little brother has been leading this move for a while.

In the whole scheme of things nothing I do affects what goes on in the market I trade. But being able to monitor intraday is such an advantage over others who don't, won't or can't. Especially because I know where they play.