PATTERNS -- So These REALLY Work???

Quote from traderkay:

and alotta TA people shorted NASDAQ 5000. There was a ton of buying there, who do you think sold to those people?
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yes, they sold. but they bought it back at 4500... :D
 
Quote from hardcash:




yes, they sold. but they bought it back at 4500... :D
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You see i've found a way to connect in SERIES:

"The Dancing Wuli Masters", "Zen and Art of Motorcycle Maintenance", and "Teachings Don Juan : A Yaqui Way Of Knowledge"

(and half dozen others : ))

harnessing The Power into a super sophisticated quantum model heh.

Dont; try this at home less your visually orientated and psychedelically inclined and all 'round justplain kewl like me. :cool:
 
Quote from rodden:

Today, most stock executions are based on traders' interpretations of charts. These charts are based on trading data. Much of the daily data is grossly distorted by isolated institutional trades, so that the statistical basis of chart logic is crap. Daily (weekly, monthly) volumes are meaningless and daily trading ranges are utterly fake. A single board lot of any given Composite stock can be traded on the Nasdaq Intermarket Market at any price; this trade will be included in the stock's daily range. By this means, new highs/lows are created, gaps are covered by a single trade, etc.

A zillion day traders and fund managers are out there trading on the basis of pretty chart patterns that are fabricated by specialists and stock promoters. This is a form of collective fantasy that works only because said traders and fund managers believe it works. Stocks go up because they're going up (PE ratios of 1000/1 - so?).

After the big NASDAQ debacle you might think 'technical analysts' would have learned something - but no, the tech-babble goes on and on. As long as there's money that MUST be invested, the fantasy can be maintained.

You can go along with this B.S. and probably have some success -
if you're good at keeping abreast of the latest T.A. inventions.

It's a house of cards.
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:eek: :eek: :eek: :D :D :D
rodden.....
Let me guess. Your fulltime job is being a comedian, right?
 
Quote from bobcathy1:

There are just some chart patterns that REALLY work. Double bottom, divergences and exhaustion spikes.
Some, I can make no sense out of.....rising phoenix? Bull flag?
Bear flag? Dragon? Cow pie? Slim Jim?
It is all in what gets you into the trade.
:D
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I know all of patterns you named except Cow pie, where can I learn more of this pattern?
 
Quote from marketsurfer:




let the facts be told---- very very few TA people caught the top of the NASDAQ or any other top for that matter. typical TA ( as posted by inandlong) only works in hindsight. if this was not the case, the TA true believers would all act in concert thereby being self defeating when shorting and self fulfilling when going long.

yes, there are some patterns that appear to have predictive qualities, but when tested statistically, the results are close to random. why is this FACT ignored ?? interpretation of patterns based on surrounding factors, etc, etc, is the key--not a rule based pattern execution. yes, i do use TA but only as a framework to conceptualize , utilizing a quantum model. if you are not visually( artistically ) oriented, counting works just fine for this function



wake up--- think---- it makes little to no sense as presented in the trading press and the above quoted post.

best,

surfer

:)
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Naples will be nice the first week of December!

You burnin' bridges bro'? Because your critique is a bit shy of tact home boy! But if you want to go there, that's you. I let the picture stand. What are you saying, the 20 wasn't there in the present like it is in the past? Or you forgot to keep the long term in perspective so you got burned? How many similar pix do you need? Maybe you can't trade ma's, but I can. Money was being made long before you and the Gann Wheel came to town.

You're not the end all surf.
 
Quote from inandlong:

Naples will be nice the first week of December!

You burnin' bridges bro'? Because your critique is a bit shy of tact home boy! But if you want to go there, that's you. I let the picture stand. What are you saying, the 20 wasn't there in the present like it is in the past? Or you forgot to keep the long term in perspective so you got burned? How many similar pix do you need? Maybe you can't trade ma's, but I can. Money was being made long before you and the Gann Wheel came to town.

You're not the end all surf.
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certainly did not mean to offend. my apologies if my lanquage was interpreted as caustic and direct.

enjoy florida !

surfer :)
 
Quote from marketsurfer:




certainly did not mean to offend. my apologies if my lanquage was interpreted as caustic and direct.

enjoy florida !

surfer :)
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surfer,

you do not need to apologies to these true believer jokers. i know you seek the truth in the markets calling it as you see it. your post was truthful, cogent and on the mark, nothing caustic about it. your public track record over the last 2 years here and on the other site for the last 3 years speaks volumes about your ability. thank you for giving this valuable information for free. you are the best !

love,

ginger xxx
 
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