Market bottom is in- End this doom and gloom

Quote from Thunderdog:

Sounds like you believe in trends, MAESTRO. That's a bit of a departure from some of your posts in the recent trend thread:

http://www.elitetrader.com/vb/showthread.php?s=&threadid=118599&perpage=6&pagenumber=1

Welcome to the dark side. I'll show you the latest dance moves and teach you the chants we engage in after we start the trend worshipping camp fire. I assume you are already in possession of the requisite eye of newt?

:D
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No, I don't believe in trends as a price movement. I do however believe in the inertia of the psychological state. It is measured differently and it is treated differently as well. Price observation is always deceiving as one will always struggle with the right time frame, right interpolation techniques etc. Observing the psycho is different. As you know, I have different methods of measuring market's emotions and sentiment. So, sorry, no dark side for me. Although, I am sure you could teach me some dirty tricks and nice dances around the fire! :D
 
Quote from MAESTRO:

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As you know, I have different methods of measuring market's emotions and sentiment.
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May I ask you to expand a little bit on this?
 
Quote from MAESTRO:

No, I don't believe in trends as a price movement. I do however believe in the inertia of the psychological state. It is measured differently and it is treated differently as well...
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Do you have a theoretical basis for the (alleged) disconnect between crowd psychology and price?
 
Quote from 9999:

May I ask you to expand a little bit on this?
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Sure. I use (for almost 15 years now) is the ration of the integral size changes weighted but he level those changes are occurring on the book. This ratio then is normalized by the amount of the unique price moves and the volume of the filled orders. I called it the “Inertia of the Sentiment". Those graphs that you can see on my screens are all measuring those parameters. Of course, there is a lot more to it.
Cheers.
 
Quote from Thunderdog:

Do you have a theoretical basis for the (alleged) disconnect between crowd psychology and price?
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What does it matter to a TRADER?

If one is always "biased" in their belief system, how are they able to CLEARLY OBSERVE what is happening and able to react in a successful manner, in the first place?
 
Quote from Thunderdog:

Do you have a theoretical basis for the (alleged) disconnect between crowd psychology and price?
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Sure I have. If I were to plot the price action vs. the sentiment you will see the oscillator (price) over a general direction of the buy/sell order flow. Price is a ripple effect of the sentiment inertia. I could expand more if you'd like. I like your questions. They are always intelligent and polite. So, please, any time! :)
 
Quote from Landis82:

What does it matter to a TRADER?

If one is always "biased" in their belief system, how are they able to CLEARLY OBSERVE what is happening and able to react in a successful manner, in the first place?
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I do not understand how your post has any bearing on my post, which you quoted. Do you?
 
Bull_Head%5B1%5D.jpg


Fed doesn't care about inflation anymore. It's not their concern.
 
Quote from MAESTRO:

Sure. I use (for almost 15 years now) is the ration of the integral size changes weighted but he level those changes are occurring on the book. This ratio then is normalized by the amount of the unique price moves and the volume of the filled orders. I called it the “Inertia of the Sentiment". Those graphs that you can see on my screens are all measuring those parameters. Of course, there is a lot more to it.
Cheers.
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Thank you MAESTRO.
 
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