Surf Report

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Overnight said:
Now THAT was a crappy move, Mr. Surf. These folks were calling you out on a spelling error you made, on the word "assess". Instead of correcting the error by taking away the letter "c" you had in there by mistake, and typing an apology for misspelling the word, you just sneakily change the whole word to "comment" and add the word "about"? Nice smooth transition there! Ug!

Tactless to change a spelling error AFTER you have been called out on it, but do not admit to the mistake.
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Yes, i made a spelling mistake. Im on south beach with my prego wife and 3 year old watching some windsurfers and eating dinner-- so sorry about the mistake!

I'll address the moronic comment directly when i return.
 
marketsurfer said:
Yes, i made a spelling mistake. Im on south beach with my prego wife and 3 year old watching some windsurfers and eating dinner-- so sorry about the mistake!
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Thank you for the apology. What your "prego wife, 3-YO something (child, dog, pet iguana?), windsurfers and dinner" have to do with the apology I do not know. I can glean what you intimate, but that would be "arrogant" of me to do. Something you would NEVER do. No...no. lol!
 
Typical typing error. Not a sign of low intel. Who cares? Only liberals. Assess ..acess... ACCESS ...ASSes ...asses...LOL
 
marketsurfer said:
Technical analysis is like card counting in blackjack. It works if there is a constant number of decks from which cards are drawn. If the number of decks in the shoe changes randomly, knowing the number of face cards played in the recent past will not provide information about the number likely to show up in the future. If there is a relatively constant set of participants in the marketplace and their buying and selling activity falls within stable parameters, we can make a reasonable inference as to the probability of forthcoming buying or selling.
The smart trader is not looking for where to buy or sell. The smart trader is looking to see if the current market activity is stable relative to the activity of the recent past. The smart trader watches the dealer and figures out when card counting truly yields a betting edge.

Dr brett s.


"Unfortunately, today, the number of decks in the shoe is constantly changing due to the machines making TA both irrelevant and dangerous to your financial health "

Marketsurfer 2017
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Market still has trends..channels..ranges..wedge tops and bottoms..triangles..BO...PB..FLAGS...etc ad nauseum. Same in 2017 as in 1923. All reflect human nature. Humans program the machines...they will reflect human nature but more precise as the emotional element is removed. Markets get more precise in the DAY of the machines. That is why TA traders have a hard time finding discrepancies ...imbalances..and capitalizing on them. You have to read the chart carefully. There is no noise. Every tick is meaningful. Every tick tells a story. In the ES 70% of the activity created by the machines.. HTF's mostly. Then another 25% aprox created by other Institutions ...banks..pension funds...etc ad nauseum. 5% to 10% by retail traders with little money..LOL. THE BATTLE IS BETWEEN the machines. That constantly changes as algos change...but overall pattern is the same. Strong bull trend..tight channel...1 Or 2 bar P.b. Odds favor trend resumption. Doesn't matter that a machine or conglomeration of machines created the pattern. TA has become more precise not the opposite. That requires extreme focus as you will not see the same imbalances. I use to trade stocks just watching the level2 inside bid and inside ask using the quoted volume. When imbalances showed up then one springs quickly. Now that has changed.
 
Low US GDP, flattening UStreasury curve, Chna today announces 6.5 expected GDP and other
tighter measures. Markets have two weeks to push back against the fed and it will be interesting
To watch and hear the fed. What's chances of the SP500 being down .5 % the coming week.
Wont that be shockng
 
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