Quote from Redneck:
Price is Always right - just sayin
RN
The market is always correct.
The trader partners with the market and has an obligation to always folllow the dictats of the market.
Is counter trend trading a disease?
- Thread starter Trader.Fighter
- Start date
The market is always correct.
The trader partners with the market and has an obligation to always folllow the dictats of the market.
I already did. It's the momentum dataset 'Momentum Factor (Mom)'. 85 years worth of trend following evidence in equities. I rest my case.
We think different, It lies all the time, I particularly love it when I catch it lying against the predominant trend, it does wonderful moves when questioned
Worked in the olden days, but here's what French shows from the 2008 crash onward... hmmm, what do those annual numbers add up to?
http://mba.tuck.dartmouth.edu/pages/faculty/ken.french/data_library.html ¨ F-F_Momentum_Factor.TXT
<code>Annual Factors:
January-December
Mom
...
2008 13.26
2009 -82.95
2010 6.09
2011 7.26
2012 1.36</code>
Quote from Redneck:
Come on Jack
I'm a redneck - proper grammar escapes me
RN
good one. I do gibberish, mostly.
Quote from Trader.Fighter:
We think different, It lies all the time, I particularly love it when I catch it lying against the predominant trend, it does wonderful moves when questioned
Price is the only transparent aspect of the market.
Perhaps you can highlight your versions of price lying from a chart.
Price is as true as Momma, apple pie and the 3 J's. (Don't tell them RN.)
LOL Rod--- these trendies will hang on anything, no matter how outdated or weak, to defend their faith. Thanks for the hard numbers showing the market facts.
surf