SPY is about to hit its 52 week high. What is going to happen?

Price will

  • Bounce off and go back down at least 15%

    Votes: 6 12.5%

  • Bounce off and go back down at least 10%

    Votes: 4 8.3%

  • Bounce off and go back down at least 5%

    Votes: 7 14.6%

  • Go through onto new highs!

    Votes: 22 45.8%

  • Chop around that level and go nowhere for awhile. Boring.

    Votes: 9 18.8%
  • Total voters
    48
Quote from TheAngryHermit:

I don't know. Do you think buffet likes these levels? I don't. I quit day trading a long time ago (and stopped losing money) God bless NoDoji. I bought BAC at $5ish, NFLX at $60ish. That's what value investors/swing traders like...blood.
I'm not arguing the market won't keep going up, there's a good chance it will, but I wouldn't think Buffet would buy NFLX after a double...do you? :confused:
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yes, many value investors consider the overall P/E of the market to be low

like I said, not predicting direction, just increased participation
 
Quote from macroman:

O

Order imbalance
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That's vague. Would you mind elaborating? If it's a proprietary secret you don't have to, however.

Also, how does order imabalance now predict future movement?

By "order imbalance" do you mean a difference in bid/ask (eg. the percentage of trades hitting the bid vs. hitting the ask)? Years ago I built a few indicators based on that data but they were never reliable to predict future movement, only to tell what was currently happening (which can change/reverse at any moment).

I'd be curious to hear how you use order imbalance to predict future movement.
 
Quote from TheAngryHermit:

I don't know. Do you think buffet likes these levels? I don't. I quit day trading a long time ago (and stopped losing money) God bless NoDoji. I bought BAC at $5ish, NFLX at $60ish. That's what value investors/swing traders like...blood.
I'm not arguing the market won't keep going up, there's a good chance it will, but I wouldn't think Buffet would buy NFLX after a double...do you? :confused:
More...

I don't think Buffett thinks about levels...
 
Quote from 1a2b3cppp:

That's vague. Would you mind elaborating? If it's a proprietary secret you don't have to, however.

Also, how does order imabalance now predict future movement?

By "order imbalance" do you mean a difference in bid/ask (eg. the percentage of trades hitting the bid vs. hitting the ask)? Years ago I built a few indicators based on that data but they were never reliable to predict future movement, only to tell what was currently happening (which can change/reverse at any moment).

I'd be curious to hear how you use order imbalance to predict future movement.
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expected future order flow imbalance, to be more precise. No TA. more than that, sorry. wall.
 
Quote from macroman:

expected future order flow imbalance, to be more precise. No TA. more than that, sorry. wall.
More...

How do you estimate that there will be an order flow imbalance in the future? What data do you use?
 
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