What the hell is causing this extreme constant bullish move in the Dow??!

Quote from marketsurfer:

Basically, what the TA folks like NoDoji are saying is that they do not know the outcome of any individual trade, nor do they care-- however, their edge is so slight that it takes a series of trades to create it, not any one trade. Therefore, say out of 50 entries, enough of them will be positive to create profit but anyone trade has a random outcome. Please TA'rs correct me if I misunderstood.

My contention is the same results would be achieved by taking random long entries, particullarly is a bullish environment, than waiting for a TA set up over a long series of trades. surf
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let me add that random entries will likely do better:D
 
Personally, as it relates to me and my client work, I would prefer to think of a trade entry in terms of "probability" and not in the strict literal sense of 'prediction'. I do understand why one would use the term 'prediction' and I would certainly not argue with a successful trader's personal viewpoint on what makes him or her profitable - if it is predictive capabilities then so be it. Maybe I am just splitting hairs on semantics.

No, I cannot say at the time of a trade entry what the percentage of probability for success for that particular trade would be in terms of making its' profit target instead of getting stopped out. I know what my l own personal long term historical performance metrics are. I know where I want my clients to be in terms of performance metrics in their paper trades or SIM trades before they risk real capital in a live market.

I hesitate to use the term "prediction" by personal choice only because if one has to deal in absolutes, then trading is certainly the wrong business to be in.

But if a trader says that he or she can predict the market and that person makes a living at trading and can do it over the long haul through many different market cycles - then I would be a fool to challenge that person's descriptive choices. If it works, then call it whatever the hell you want.
 
The Dow tacked on 66.96 points, or 0.49%, to 13779.17, with almost all of those gains coming from IBM. The blue-chip technology giant pushed the price-weighted index up 65.39 points alone, though weakness among other stocks limited the day's advance. The Dow is now at its highest level since December 2007.

 
Quote from spanish89:

It should be going down as its rocketedup over 1,000points in 3weeks with no pullbacks,
and based on no new positive fundamentals that should cause+keep such an extremely strong move.

If you look at the chart for the last 6years (1 of the key charts i use) there has never ever been a 1,000point up move in the dow that didn't then experience a pullback of atleast 200points down.
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That's correct, unfortunately the gurus here always have the perfect hindsight explanation to everything.
This move is very much irrational but you know GM doesn't just stand for Government Motors, it also stands for Government Markets - this is what it is now. The fading first world trying to grab whatever it can to stay afloat, with every dirty trick available.
 
Quote from marketsurfer:

Basically, what the TA folks like NoDoji are saying is that they do not know the outcome of any individual trade, nor do they care-- however, their edge is so slight that it takes a series of trades to create it, not any one trade. Therefore, say out of 50 entries, enough of them will be positive to create profit but anyone trade has a random outcome. Please TA'rs correct me if I misunderstood.
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That isn't trading, that is called GAMBLING!! :D

Technical analysis of S&R, which is what i use for my entries, is NOT based on some foolish nonsense like trying to create ''an edge'' from your money management skills!


YOUR ENTRY IS EVERYTHING! :p

If you are making 50 trades and more than 13-14 of them lose money then you are making extremely foolish stupid trades,
and so should stop gambling and start focusing on your entries so that you wouldn't endup losing so much.


And so anyone who ''doesn't care about the outcomes of their trades'' is not only a gambler, but is actually a gambling addict. :cool:
 
Quote from Wide Tailz:

$85b of fresh Benny Bux every month, to be precise
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As mom said, 3billion and a bowl of cornflakes every morning, will keep the bear away :p
 
Quote from spanish89:[/


My trading style is FADING extremely over-bought or over-sold moves in the market... :)

So all the trend-chasing fools can just fuck off, as if i wanted to hear a load of dribble from a bunch of idiots id have gone to your mums' houses!! :D


Was merely asking and hoping to hear from any other losers about what they believed was causing this extreme strength NORMAL BULL MARKET to hold for so long. [/B]
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You are the resident village idiot potty mouth lil loser
 
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