Home Depot

vanzandt said:
So EG..... where are we heading? As a nation.
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Stocks are heading higher.

The nation? Idk, I think the economy will continue to improve. I had a record year in my business and expect 2017 to be better than 2016. Politically it will likely be one entertaining year.
 
Overnight said:
Go ahead and buy something large from them, say, a 4-5 burner grill. Big, bulky, costs 1500 bux. You can't get it to light when you get it home. The problem for it could be simple, such as you didn't turn on the propane tank, the hose was clogged with a spider web or other debris. Maybe the gas hose was kinked or twisted. Perhaps the igniter button thing didn't have the batteries installed.

So you return it to the store and demand an exchange because you claim the original unit is defective. You get the new unit home and it's all fine. Ever wonder what happens to the old brand-new grill? You know what a compactor is? The grill gets tossed right into that ol' compactor, along with every other piece of trash that the stores throw out every day. A perfectly fine brand new grill gets tossed into the trash.

How and why? The manufacturer gives the store the full credit for the grill, but the manufacturer does not allow the store to resell the grill due to liability issues. So the store must toss the perfectly functional brand-new grill into the trash. After all, the store is also on the hook for the grill, because if they repaired it and tried to resell it after the manufacturer gave them full purchase-price credit, the store would be charged with double-dipping. It happens with practically every item they sell. 99.96% of all items returned to the store for an exchange are tossed into the trash, whether they work or not, due to the manufacturer store-reimbursement system. And stores go along with it just fine and dandy, because it is less labor cost for them over having to pay an employee to troubleshoot the issues on returned merchandise. You have NO IDEA the scale of this problem. I cannot BEGIN to tell you what I have seen go into that compactor.

Look at it this way...Every try to shove a bathtub into a compactor? Yes, a fucking BATHTUB. How is a bathtub defective? It's NOT! But a customer returns it? It is hot potato.
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Its sad... I have no answer for this... but I know where to point the blame. Its a litigious society we live in. Will it change in our lifetime? No F'ing way.

No answers bro. Hope to make it big trading with that which you know you have... and go from there... wherever that takes you.
 
vanzandt said:
You tell me... how can T/A predict this? I wanna know.
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Some will definitely disagree with what I have to say, but I view today's markets as a completely different animal than 15-20 years ago...too many quant's going long/short all types of symbols based on xyz analysis...one sector that they are short might be getting blown out, so all of sudden they are dumping longs in another sector (tech vs. financial as an example). You really cannot rationalize why company XYZ all of sudden post Nov 8th suddenly surged 20-30-40% (even if it was a dog for 2 years)...You kinda have to figure that a whole bunch of funds long this, short that are re-balancing and it only gets magnified with year end coming around.

Look at the Russell 2000 chart. Do you see the kind of buying that leads to long sustained rallies? or do you see the kind where many of the component stocks are being called in, shorts covering their ass...And honestly it doesn't really matter on a day to day trading basis because it just goes higher and higher with maybe 1-2 days of retracement here and there and then it hits the wall and exhausts itself...But I think that the structure of a move can tell you a bit more about whether a retracement has higher probability (definitely open for debate).
 
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