Quote from swtrader:
"Calling market top or bottom is fun just as driving golf balls is. Drilling down and continually taking the market's offer takes more; it takes accepting the market's "tells" and executing in a timely manner minute after minute as the day goes forward."
well, how bout starting your own thread to pursue that, instead of hijacking other's to promote yourself with your verbose BS?
Quote from jack hershey:
most technical people familiarize themselves with other methods. Then they see how the peel off in the infinite scheme of things. Some methods lead others lag. Talking heads are not too astute and have a dependnecy on advisors in their realms. when a talking head, before market open and after news mentions a method in passing, it is an interesting footnote.
You may remember a recent attempt at putting a program on the air where "experts" answered Q's from amateurs. The program was pulled fairly quickly. At the Expo there will be panels and people will ask Q's. Usually the experts wind up talking to each other after the moderator poops out. You are one of the people who can't ask good questions. The antidote is listening.
The usual confused salad was presented to neutralize T666. I usually let him do his thing. But this is an important contemporary thread.
The market is simple as you declare. There is only one market pattern and it precisely connects the two variables, P and V. The elegant aspect of this singular pattern is that as it alternates long and short (as a completed pattern) and the adjacent patterns overlap. They are also nested in a 3 to 1 ratio on adjacent fractals.
Luckily, when a pattern fails to complete, the trader is given advance warning of WMCN. Similarly, the companion of WMCN, WWT, also gives an advanced warning.
It is a lot of fun to cruise along, as the xls spread sheet I gave to you suggests. Obviously at some point partial fills are required and seconds of time are involved.
Your commentary is humorous and we all enjoy that from our different vantage points.
Calling market top or bottom is fun just as driving golf balls is. Drilling down and continually taking the market's offer takes more; it takes accepting the market's "tells" and executing in a timely manner minute after minute as the day goes forward.
For me, filling in my daily log ahead of time is a consequence of WMCN. Noting the bars it is going to happen on can be done a couple of bars ahead, usually. It is a calm and relaxing way to operate. I probably should post my logs ahead of time for a few days.
Quote from swtrader:
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Quote from swtrader:
as i said in another post, i think the easy guess is a drop to the 200 month moving avg at spx 1019 to test support, from there it';s anyone's guess
after that it could ping pong between the 200 and the now lower 20 month (about 1042)
"but it's a bit early right now to calling it so definitively"
I put forth the hypothesis 2 weeks ago, and now i'm calling it
i'm just avoiding the wishy washy bullshit of covering the scerios of it not being correct as an alternate prediction, as elliot wavers are notrious for
this prediction will be right or it will be wrong, in any case, nobody should risk going broke being stubborn believing it, i sure dont plan to
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"as i said in another post, i think the easy guess is a drop to the 200 month moving avg at spx 1019 to test support, from there it';s anyone's guess
after that it could ping pong between the 200 and the now lower 20 month (about 1042)"
yup
except for the typo (new 20 month avg is 1052, not 1042), that statement was dead on
<img src ="http://www.elitetrader.com/vb/attachment.php?s=&postid=2596471">
Quote from Kassz007:
Remember Rowshan? And his top call? He was so proud and so cocky when it held briefly.......and then it was smashed. You are on the exact same slipperly slope.