Market bottom is in- End this doom and gloom

Quote from ByLoSellHi:

Bull_Head%5B1%5D.jpg


Fed doesn't care about inflation anymore. It's not their concern.
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inflation???

they dont believe in inflation.....

they care about providing liquidity and keeping the bull market running, they also want more consumer spending so they throw $150 billion plus directly to the consumers to just throw it back into the economy because the consumer doesnt know how to save....cant wait for this meeting today at 2:15, this is going to be the biggest day for the federal reserve in years....
 
Quote from MAESTRO:

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! :)
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Thanks. Truth be told, if you expanded on what you just wrote, I'd probably have to sit down and think a lot harder than I am accustomed to doing. I might even pull something and end up walking funny. And so, I'll just draw comfort from your earlier comment:
Quote from MAESTRO:



Observe what is happening, and assume it will continue . . .


It's pretty simple really.

I like this a lot! Inertia is the cause of Fat tails! I have been saying it for years. Right on!
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:)
 
Quote from Thunderdog:

Thanks. Truth be told, if you expanded on what you just wrote, I'd probably have to sit down and think a lot harder than I am accustomed to doing. I might even pull something. And so, I'll just draw comfort from your earlier comment:

:)
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I really enjoy all of your posts.
 
Quote from Thunderdog:

Thanks. Truth be told, if you expanded on what you just wrote, I'd probably have to sit down and think a lot harder than I am accustomed to doing. I might even pull something. And so, I'll just draw comfort from your earlier comment:

:)
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Yes, if you do not do automated systems then the simplest way to trade is to train your self to read those sentiment patterns that are ultimately present in millions of bits and pieces of information everywhere. And, gathering from your posts, that is exactly what you have been doing. That is why I think you essentially trade the same way that we have managed to automate. I do believe in KISS principle and I do agree with you that one does not have to posses a Ph.D. to trade successfully. I concur!
 
Quote from Thunderdog:

Thanks, HG. I welcome your low standards. :)

(Kidding aside, thanks.)
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Hey, what charting system are you using? I might be able to send you a present. :cool:
 
Quote from MAESTRO:

Yes, if you do not do automated systems then the simplest way to trade is to train your self to read those sentiment patterns that are ultimately present in millions of bits and pieces of information everywhere. And, gathering from your posts, that is exactly what you have been doing. That is why I think you essentially trade the same way that we have managed to automate. I do believe in KISS principle and I do agree with you that one does not have to posses a Ph.D. to trade successfully. I concur!
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I figured we were essentially on the same side of things. However, I do think you probably look at more inputs than I do. And to be candid, I would really love to automate the way that I trade. I suspect that it is possible in the right hands. Unfortunately, I'm stuck with the left hands. Perhaps in my next life. (Now if only I could believe in god and reincarnation.)
 
Quote from MAESTRO:

Hey, what charting system are you using? I might be able to send you a present. :cool:
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Presently, I use Ensign, with IB data. Before that I used eSignal for a few years, but I found their data delays during heavier trading to be most annoying. MAESTRO, I appreciate the gesture, but I suspect that I do not have a sufficiently technical orientation when it comes to computers to properly appreciate your offering.
 
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