If you're going to give opinions on the market, surely it's a good idea to get the odd one right???
The dow is trading in a down trend - so you're saying selling rallies is a bad thing.
Do you employ a monkey to peel your bananas ??
harrytraders s/r
- Thread starter harrytrader
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If you're going to give opinions on the market, surely it's a good idea to get the odd one right???
The dow is trading in a down trend - so you're saying selling rallies is a bad thing.
Do you employ a monkey to peel your bananas ??
My first post on this thread was:
"I don't trade the DOW so I can't comment. The S&P closed on the bottom and if memory serves me, isn't there often follow thru on monday after a down day on friday?
So this is a bold prediction from you then Harrytrader? CONSOLIDATION. So the only question remains: are you buying off your line at 10126 since you said selling was dangerous?
Take a stand on your position for bgp or your colorful analytics remain clear as mud."
Would you care to reply to this now?
"I don't trade the DOW so I can't comment. The S&P closed on the bottom and if memory serves me, isn't there often follow thru on monday after a down day on friday?
So this is a bold prediction from you then Harrytrader? CONSOLIDATION. So the only question remains: are you buying off your line at 10126 since you said selling was dangerous?
Take a stand on your position for bgp or your colorful analytics remain clear as mud."
Would you care to reply to this now?
I'm praying for irony here.
Actually you're right.
If only I had seen this, I would have gone short too.
You are a lamb.Tell me what you trade so I can lead you to my slaughterhouse.
Poor guy : do you need binoculars or did you miss some huge details ? it is very dangerous to sell ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE ABOVE
don't tell me that you don't know what is a support and that one thing to never do is sell above a support unless it is broken ?
And as far as I know I precised after that the intraday breakdown was even at 10107.
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Quote from harrytrader:
In fact it has even closed below but this is not significant as it is just one close: normally two closes are necessary. So it is very dangerous to sell above as a reaction rally can occur.
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don't tell me that you don't know what is a support and that one thing to never do is sell above a support unless it is broken ?
And as far as I know I precised after that the intraday breakdown was even at 10107.
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Quote from harrytrader:
In fact it has even closed below but this is not significant as it is just one close: normally two closes are necessary. So it is very dangerous to sell above as a reaction rally can occur.
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Quote from Prince Philip:
If you're going to give opinions on the market, surely it's a good idea to get the odd one right???
The dow is trading in a down trend - so you're saying selling rallies is a bad thing.
Do you employ a monkey to peel your bananas ??
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Moreover the proof that you are a snake is that Archangel has perfectly understood since he even reproaches me to be too categorical in the breakdown at 10107:
Quote from Prince Philip:
If you're going to give opinions on the market, surely it's a good idea to get the odd one right???
The dow is trading in a down trend - so you're saying selling rallies is a bad thing.
Do you employ a monkey to peel your bananas ??
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Moreover the proof that you are a snake is that Archangel has perfectly understood since he even reproaches me to be too categorical in the breakdown at 10107:
hostility ? Who declares the hostility ? You. I never declare hostility first to anybody.
You don't agree with the charts hahaha ! And you agree with what ? With numerology ? My charts are based on econometric modelling contrary to "nose-charting". I have already posted an article to introduce the concept of "Market Microstructure" (see article below from Analyst Financial Journal - now I'm sorry my equations are not revealed) because if you ignore that is the origin of true supports and resistances and not the ridiculous "psy" of crowd. It is about Inventory of Market Makers not about divining the psy of crowd, God knows how to do that I don't because I'm rational man not medium or psy man haha !
Analyst Financial Journal
http://www.aimrpubs.org/faj/issues/v58n5/full/f0580028a.html
Price Formation and Discovery
Price formation, the process by which prices come to impound new information, is a fundamental topic in microstructure.
The Crucial Role of Market Makers. By virtue of their role as price setters, market makers are a logical starting point for an exploration of the black box within which a security market actually works. In the traditional view, market makers passively provide "immediacy," the price of which is the bidâask spread. (Note that "spread" here refers not solely to quoted bidâask spreadsâwhich have been typically small since decimalization in the U.S. marketâbut to effective spreadsâthat is, the true cost of a round-trip transaction for an average-sized trade.) Early empirical research confirmed that effective bidâask spreads are lower in higher-volume securities because dealers can achieve faster turnaround in inventory, which reduces their risk. Spreads are wider for riskier and less liquid securities. Later research provided a deeper understanding of trading costs by explaining variation in bidâask spreads as part of intraday price dynamics. This research showed that market makers are not simply passive providers of immediacy but must also take an active role in price setting to rapidly turn over inventory without accumulating significant positions on one side of the market. Exhibit 1 illustrates this literature with a description of "Garman's Logic."
<IMG SRC=http://www.aimrpubs.org/faj/issues/v58n5/images/f0580028aet1.gif>
You don't agree with the charts hahaha ! And you agree with what ? With numerology ? My charts are based on econometric modelling contrary to "nose-charting". I have already posted an article to introduce the concept of "Market Microstructure" (see article below from Analyst Financial Journal - now I'm sorry my equations are not revealed
) because if you ignore that is the origin of true supports and resistances and not the ridiculous "psy" of crowd. It is about Inventory of Market Makers not about divining the psy of crowd, God knows how to do that I don't because I'm rational man not medium or psy man haha ! Analyst Financial Journal
http://www.aimrpubs.org/faj/issues/v58n5/full/f0580028a.html
Price Formation and Discovery
Price formation, the process by which prices come to impound new information, is a fundamental topic in microstructure.
The Crucial Role of Market Makers. By virtue of their role as price setters, market makers are a logical starting point for an exploration of the black box within which a security market actually works. In the traditional view, market makers passively provide "immediacy," the price of which is the bidâask spread. (Note that "spread" here refers not solely to quoted bidâask spreadsâwhich have been typically small since decimalization in the U.S. marketâbut to effective spreadsâthat is, the true cost of a round-trip transaction for an average-sized trade.) Early empirical research confirmed that effective bidâask spreads are lower in higher-volume securities because dealers can achieve faster turnaround in inventory, which reduces their risk. Spreads are wider for riskier and less liquid securities. Later research provided a deeper understanding of trading costs by explaining variation in bidâask spreads as part of intraday price dynamics. This research showed that market makers are not simply passive providers of immediacy but must also take an active role in price setting to rapidly turn over inventory without accumulating significant positions on one side of the market. Exhibit 1 illustrates this literature with a description of "Garman's Logic."
<IMG SRC=http://www.aimrpubs.org/faj/issues/v58n5/images/f0580028aet1.gif>
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