The Church of What's Happening Now: An Experiment in RTA
erierambler
Well-known member
- Messages
- 265
- Likes
- 8
frdyr said:
Try looking at SPY......... there will be volume there.
erie
Relatively high activity levels continue, and the Dow and S&P have lashed back and forth in volatile ranges over the last 3 weeks - certainly not a quiet consolidation. The recent move away from the range lows preceded an upwards break yesterday - but the closes on the futures were noticeably more negative than those on the indices themselves.
Attachments
dbphoenix
Guest Author
- Messages
- 6,954
- Likes
- 1,266
dbphoenix
Guest Author
- Messages
- 6,954
- Likes
- 1,266
The spider does not need to "feed" everyday. He is content to wait until a morsel comes his way, patient and secure in the knowledge that he has taken the steps necessary for his survival. His carefully crafted web transmits to him all sorts of information. But he knows how to identify the false signals -- the wind vibrating his web, a drop of rain -- from the real thing enmeshed in it. Why does he know it so intimately? Because he has carefully constructed his web himself. No one else can build it for him. As a result, the configuration of his web is as uniquely his as his fingerprints.
Most important, the spider is patient. He waits until he sees a convergence of most all of his signals before he acts; but when he does, he pounces aggressively and without hesitation. (asmae)
Most important, the spider is patient. He waits until he sees a convergence of most all of his signals before he acts; but when he does, he pounces aggressively and without hesitation. (asmae)
erierambler
Well-known member
- Messages
- 265
- Likes
- 8
dbphoenix said:
Yes and now that you mention it , it begs my question..............how can the transports be going up when oil, gold, commodities and short term rates are going up? Is it not against normal principles?
erie
dbphoenix
Guest Author
- Messages
- 6,954
- Likes
- 1,266
Which suggest two further questions:
1. What are "normal principles"?
2. Is there any evidence to support their being characterized as "principles" (or is this just "common wisdom" that has no basis in fact)?
On a separate note, I hadn't planned on posting any charts until this weekend, if then. But the NDX is at R, leaving everything else behind, which may make for interesting trading tomorrow, given the gap, and this is an RTA thread . . .
--Db
1. What are "normal principles"?
2. Is there any evidence to support their being characterized as "principles" (or is this just "common wisdom" that has no basis in fact)?
On a separate note, I hadn't planned on posting any charts until this weekend, if then. But the NDX is at R, leaving everything else behind, which may make for interesting trading tomorrow, given the gap, and this is an RTA thread . . .
--Db
erierambler
Well-known member
- Messages
- 265
- Likes
- 8
dbphoenix said:
To the first question:
Normal principles as in intermarket analysis, between stocks, bonds, commodities and currencies.
Second question:
Yes , I believe the principles can be supported by looking at the charts, although they are not always in sync, all the time.
Which leads to my question about the Transports and if you don't want to answer this that is fine, it's just what's happening now..........and I'm trying to follow it.
erie
dbphoenix
Guest Author
- Messages
- 6,954
- Likes
- 1,266
My question regarding the "normal principles" wasn't answered, i.e., what are they?
As to belief, that is only incidental support and insufficient for the purpose of forming conclusions leading to trading decisions.
So it isn't that I don't want to answer; I don't know what you're asking.
--Db
As to belief, that is only incidental support and insufficient for the purpose of forming conclusions leading to trading decisions.
So it isn't that I don't want to answer; I don't know what you're asking.
--Db
dbphoenix
Guest Author
- Messages
- 6,954
- Likes
- 1,266
On yet another note, I should mention that new highs in the Naz support this move, but the AVDVd does not. However, these are calculated from the Naz, not the NDX, and it's the NDX that's hitting R.
Again, ingredients for what may be an interesting day (or two).
--Db
Again, ingredients for what may be an interesting day (or two).
--Db
erierambler
Well-known member
- Messages
- 265
- Likes
- 8
dbphoenix said:
Trying to keep it simple without going too far off on your thread. When oil ,eg. commodities rise it is not good for a future economy down the road. Transports logically should suffer. Here and now they are rising . So normal in that sense. As a red flag may appear here one would keep a close eye on the Transports.
erie
Erie,
Are you referring to economics when you mention "normal principles"...
That is , higher interest rate cycles have historically capped stock market growth due to the knockon effect they have on corporate bottomlines through cost of corporate borrowing and indeed market consumption when joe bloggs get's squeezed ? In addition , bringing into play alternative investment scenarios that become increasingly more attractive on a risk basis the higher rates go. Factored in to NPV's.
Worth noting that the actual level of interest rates is less important that the rate of increase in same when you look at their impact on the cost of indebtedness and consumption.
Are you referring to economics when you mention "normal principles"...
That is , higher interest rate cycles have historically capped stock market growth due to the knockon effect they have on corporate bottomlines through cost of corporate borrowing and indeed market consumption when joe bloggs get's squeezed ? In addition , bringing into play alternative investment scenarios that become increasingly more attractive on a risk basis the higher rates go. Factored in to NPV's.
Worth noting that the actual level of interest rates is less important that the rate of increase in same when you look at their impact on the cost of indebtedness and consumption.
erierambler
Well-known member
- Messages
- 265
- Likes
- 8
chump said:
Economics in the sense that one would be making decisions to ; be long, short , or in cash with respect to the futures market.
erie
erierambler
Well-known member
- Messages
- 265
- Likes
- 8
dbphoenix said:
Understood.
erie
dbphoenix
Guest Author
- Messages
- 6,954
- Likes
- 1,266
Doesn't seem to be much interest in indices or sectors, so perhaps a group: home construction. There are at least eight major stocks in this group which are flirting with trouble. Playing them in hindsight is much easier than laying out the strategies in advance, but not nearly as profitable.
Attachments
"Playing them in hindsight is much easier than laying out the strategies in advance" not sure I agree with that ... LOL ..but what if anything are you inviting by way of comment to this chart ?
I'll contribute if you spell out what form of contribution you are expecting.
and by the way as I have tried to develop my trading knowledge over the last couple of years or os I have found the activity of analysing charts by actually having to write out that analysis for myself and others to be one of the best ways to develop knowledge so I am not being altruistic with an offer to contribute...while I can still learn more I'll continue to do more of this.
I'll contribute if you spell out what form of contribution you are expecting.
and by the way as I have tried to develop my trading knowledge over the last couple of years or os I have found the activity of analysing charts by actually having to write out that analysis for myself and others to be one of the best ways to develop knowledge so I am not being altruistic with an offer to contribute...while I can still learn more I'll continue to do more of this.
