Are patterns legit?

Discussion in 'Stocks' started by Cellphones2, Feb 9, 2017.

  1. tommcginnis

    tommcginnis

    Dude -- you get a free pass on this one:
    https://en.wikipedia.org/wiki/Slope
    but if you don't know this shit down cold, Mr. Market will drink your milkshake.
     
    #21     Feb 10, 2017
    kent likes this.
  2. Chris Mac

    Chris Mac

    Yeah SML, good example.
    This one is my favorite, S&P in 2010:

    upload_2017-2-10_17-13-6.png
     
    #22     Feb 10, 2017
    murray t turtle likes this.
  3. tommcginnis

    tommcginnis

    Post-hoc analysis is..... post hoc.
     
    #23     Feb 10, 2017
  4. Speaking of patterns, that is why some people liked moving averages in 2010,LOL; not that hindsight 2010 is the key to Ft Knox or use same color for different averages . Good chart; i may use volume more than you do i cant see any on that chart?? ?????
     
    #24     Feb 10, 2017
    SimpleMeLike likes this.
  5. Murray,

    I don't need all that volume on chart. If I see the price moving up, then obviously it was volume that made the price go up. If price moves down, then volume made it go down.

    Only thing needed on the chart for me is the candles going in one direction or the other. But I wouldn't mind some emas on chart to keep me out of those tight choppy ranges.
     
    #25     Feb 10, 2017
    murray t turtle likes this.
  6. Chris Mac

    Chris Mac

    I only use volume for small and micro caps, i agree, it gives lot of information. For mega caps, futures and indexes : IMO useless because of dark pools, robots, HFT etc.

    CM
     
    #26     Feb 10, 2017
    murray t turtle likes this.
  7. Strange but true= i found many more errors on volume than price..............................
     
    #27     Feb 10, 2017
  8. Simples

    Simples

    Funny how what you believe is often opposite of truth / fact.. Why, is a good question always, but as adults we forget to ask.
     
    #28     Feb 10, 2017
  9. Most men are color blind somewhat; i like emas,2, not close to the same color.LOL
     
    #29     Feb 10, 2017
  10. Simples

    Simples

    yea, if they were like red and blue its be ok but this was just shameless sex. Can understand someone bought that actually. But not my cup of tea (obscure illiquid stocks).
     
    #30     Feb 10, 2017