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FreakofNature
 

Registered: Jun 2011
Posts: 1062

 

08-03-12 01:18 AM


Quote from hft_boy:

It's not exactly a sure thing, but look at volume. Like, if you go look at the charts, the low in (December) 2008 was also accompanied by gigantic volume.



Bigger volume than usual "could" be a sign except volume can keep increasing as the trend continues and now what looks big, is not as big as we thought it would be and so forth.

I agree with the sponsor above, in hindsight it's all very clear and easy, that's why people lose, because it looks so damn easy in hindsight, yet it does not work for crap live and the proof is that almost everyone is a consistent loser. People want to blame discipline, but even with strong discipline, people keep losing.

The real winners are the brokers, the salesman, the underwriters, the companies going from private to public, and all the peons around them. Retail is screwed and always will be.

The funny thing is when others claim the contrary but they swear on secrecy and can't or won't do anything to prove otherwise against those that see the bullshit.

All smokes and mirrors.

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Random.Capital
 

Registered: Jan 2005
Posts: 3848

 

08-03-12 01:29 AM


Quote from xrod55:

Are there any basic ways I can estimate where a bottom will hit and where a top will hit?



There are an infinite number of ways to estimate.

None of them work reliably.

And that should be obvious.

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Handle123
 

Registered: Aug 2007
Posts: 1037

 

08-03-12 04:30 AM

I have been using Monthly charts long time with RSI to show divergence. I use also, New highs/lows to to confirm highs/lows are in.

es 09-12 (monthly) 9_2006 - 8_2012.jpg
This has been downloaded 61 time(s).

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learner2007
 

Registered: May 2007
Posts: 467

 

08-03-12 04:47 AM


Quote from xrod55:

Are there any basic ways I can estimate where a bottom will hit and where a top will hit?

Thanks.




When your broker says "This could be your last chance to buy at these prices", it's the top, and when your broker no longer answers the phone it's the bottom.

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cornix
 

Registered: Jan 2011
Posts: 2813

 

08-03-12 06:38 AM

Why do you want to tell market tops/bottoms?

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oraclewizard77
Moderator

Registered: Jan 2006
Posts: 2290

 

08-03-12 06:49 AM

There is a secret website that actually predicted the market bottom today. I saw it was right, but was stupid and still shorted against the market after it made a bottom.

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