Please wait till Sunday's vote on health care. Have faith in all powerful markets. No one can be ever bigger than 50% of the markets. Even governments. There is a good reason for market to behave the way they behave. Grander opportunity for the traders more the manipulation happens. Problem is markets are never ever manipulated. No one can push the price up unless that person buys stocks. and If he/she is a buyer then he is part of natural market.
So the very assumption than markets can be manipulated is wrong. Now your claim is it is a alien agency/Goldman Sachs/federal government/Illuminati/Girl Scouts/Chinese Triads/transvestites from thailand/Bank of Australia/Taranpanthi Jain Sects/Vegas Stripper Club/Pope etc.are buying stock with fake printed money. That is genuine buyers with good bank accounts. Who take delivery of the stocks so now what is the problem ?
Depressing no Sad yes. He has lost over 500k including retirement money that he now owes taxes on that he cannot pay. He does have some inheritance that will get him even. I advise him to let his wife handle all financial matters going forward and to seek counseling.
Guys, I really think the indicators are hard to follow at tops or if there is PPT action and I think we have both going on. I would definitely think that if the VIX closes below it's bollinger band that you should get short.
For those who are new to this, it is worth noting that while the basic ideas are as described, in real application, it can get a lot more complicated. In prolonged market movement, MACD(12,26) would give early but false divergence, and often gives incorrect oversold/overbought readings. It will get you to sell short into a rising market and buying into a crashing market, if you follow it blindly. In choppy market, macd will whipsaw you to focking nut. It does work as advertised in normal market conditions and a lot of people get seduced by that. Then they get their ass handed to them when the market makes a big move . It is the nature of the beast, ie the mathematical properties of the indicators.
In order to use an indicator effectively, you need to plot it over a long period so that you can have witness how it performs over different market conditions, and figure out under what conditions they would fail and how you are going to safeguard that.
Too many people take the text book description of how an indicator works, and they figure they got it. The truth is light year away. When the canned indicators do not work, as they inevitably will experience, people would blame the indicators, saying that they dont work.
Dread, Great charts and explanations. You are looking at a real estate play it sounds like. Also did you see the letter lester posted last night on SOH
Please wait till Sunday's vote on health care.
Have faith in all powerful markets.
No one can be ever bigger than 50% of the markets. Even governments.
There is a good reason for market to behave the way they behave.
Grander opportunity for the traders more the manipulation happens.
Problem is markets are never ever manipulated.
No one can push the price up unless that person buys stocks.
and If he/she is a buyer then he is part of natural market.
So the very assumption than markets can be manipulated is wrong.
Now your claim is it is a alien agency/Goldman Sachs/federal government/Illuminati/Girl Scouts/Chinese Triads/transvestites from thailand/Bank of Australia/Taranpanthi Jain Sects/Vegas Stripper Club/Pope etc.are buying stock with fake printed money.
That is genuine buyers with good bank accounts.
Who take delivery of the stocks so now what is the problem ?
SC, Thanks, The indicator works just no the way you think all the time. Makes sense.
Yes, good advice.
Depressing no Sad yes. He has lost over 500k including retirement money that he now owes taxes on that he cannot pay. He does have some inheritance that will get him even. I advise him to let his wife handle all financial matters going forward and to seek counseling.
Thought you might like this article:
http://market-ticker.denninger.net/archives/209…
Really great Dread. Thanks so much. I just can't believe I have to keep hanging on though. There better not be any more shenanigans!
Guys, I really think the indicators are hard to follow at tops or if there is PPT action and I think we have both going on. I would definitely think that if the VIX closes below it's bollinger band that you should get short.
I didn't see the letter. Was it depressing?
For those who are new to this, it is worth noting that while the basic ideas are as described, in real application, it can get a lot more complicated. In prolonged market movement, MACD(12,26) would give early but false divergence, and often gives incorrect oversold/overbought readings. It will get you to sell short into a rising market and buying into a crashing market, if you follow it blindly. In choppy market, macd will whipsaw you to focking nut. It does work as advertised in normal market conditions and a lot of people get seduced by that. Then they get their ass handed to them when the market makes a big move . It is the nature of the beast, ie the mathematical properties of the indicators.
In order to use an indicator effectively, you need to plot it over a long period so that you can have witness how it performs over different market conditions, and figure out under what conditions they would fail and how you are going to safeguard that.
Too many people take the text book description of how an indicator works, and they figure they got it. The truth is light year away. When the canned indicators do not work, as they inevitably will experience, people would blame the indicators, saying that they dont work.
Dread, Great charts and explanations. You are looking at a real estate play it sounds like. Also did you see the letter lester posted last night on SOH