This Is A Bear Market (w/ Victor Sperandeo)
- Thread starter ajacobson
- Start date
Robert Morse
Sponsor
We had an institutional wire to him and about 4 other traders at Interstate Securities when
i was a Clerk/Broker on the AMEX. 1982 to 1984. He trained a friend of mine in the XMI pit. He made him do a point and figure chart by hand on graph paper each day and carry it with him. It was a daily chart that opened like an accordion. As time past, he had to tape on another page.
i was a Clerk/Broker on the AMEX. 1982 to 1984. He trained a friend of mine in the XMI pit. He made him do a point and figure chart by hand on graph paper each day and carry it with him. It was a daily chart that opened like an accordion. As time past, he had to tape on another page.
Vic describes the proper consideration of the 200 MA. (Doesn't EVERYBODY already know this?)
Similar utility in use with the 50 MA.
At times players mention other MAs... like the 100 and 150.
Interestingly, you can try various other periods and sometimes find one that is especially prescient for the present time. I recall trying the 400 years ago and found it to be "dead-on PERFECT" for all of it's touch-bounces and crosses for a certain period. Yet at other times, it didn't come into play at all.
Similar utility in use with the 50 MA.
At times players mention other MAs... like the 100 and 150.
Interestingly, you can try various other periods and sometimes find one that is especially prescient for the present time. I recall trying the 400 years ago and found it to be "dead-on PERFECT" for all of it's touch-bounces and crosses for a certain period. Yet at other times, it didn't come into play at all.
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Lot's of quality content in that channel, thanks for sharing.
Hmn,.. I can't remember this traders name, hes in his 60's/70's i think, used to work at Wallstreet & he is trading futures, waiting for correlations ( something like that ), with 40 or 50 screens on. Standing in the middle with microphones, having few assitances at screens behind.
He mentioned that all trading books should be - thrown at recycling bin.
Meanwhile this person has red over 3000 ; wouldn't guess that so many existed at all ( in investing world)
Vic claims to have read 3,000 invesment books... and extols the merits of the "200 MA cross".
KISS, Baby!
looking at the 200sma doesn’t beat buy and hold... maybe it did in the 70s to 90s which is irrelevant at this point
Sperandeo, Soros and Druckenmiller are three of the very few I pay any attention to. Old hands, and lots of wisdom and common sense. But sperandeo, as with a lot of us old guys, never revised his thinking and still analyses the economy as though we were on a gold standard. He still thinks the Treasury is selling bonds to finance deficit spending. So he doesn't know everything. But when it comes to markets he's pretty damn smart.
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Why is their selling it then?
Have you ever looked at the 20 MA on the SPY in this regard ? Certainly a lot of whip saws, but my quick calculation (not true backtest and only for approx 1 yr) has it up about 14 % from 2/2/18 until today. About 21 trades , go long if it closes above the 20 MA, sell to cash if closing below.
My 1st experience in TA was with the 20 MA. There are times it works well, other times not.