Current position: <table border="1"> <tr> <th>Date</th> <th>Action</th> <th>Price</th> <th>Units</th> <th>PnL</th> </tr> <tr> <td>Dec 8, 2011</td> <td>Buy to Open SPX</td> <td>1244.37</td> <td>2</td> <td>Open</td> </tr> </table>
Nitro, all these indicators you have created have no value to anyone. Clearly this thread has proven that in spades. It may be time to acknowledge that your indicators merely reflect short term past events that you rapidly incorporate into the actual measures, and in the immediate short term those conditions may hold for a while. Or not. And in the latter case your indicators only move with the market on a lagging basis.
admittedly, I've only read the past 4 or 5 pages of this thread. time and energy at a premium. why not focus on one number, how about the POFVF. the POFVF is the most interesting. it's been at screaming highs (so 1330 xmas rally) and now at 1266 like a wet towel. it moved down quite fast. why?
I don't talk about the internals of the model. But in case you don't understand what it stands for, or I don't understand your question, POFVF is a prediction of OFV a week out or so. So POFVF is saying that this (OFV and by extension, SPX) eventually runs out of steam and settles towards FV, but that OFV carries all the momentum higher on the very short time frame. Obviously, I am weighting OFV higher than POFVF at this moment since I am long. That is as far as I can discuss it. Some people just want my longs and shorts. Some want just FV, others want OFV. Now that I realize there are multiple equilibria and therefore POFVF, they want that. Trust me, you can't please everyone, and what is worse I need to log them all so that I can go back and see for my own edification. So I publish them all. If you read this thread carefully, you will, over time, see how I play the numbers. If there is one thing to take from all of this, is that these numbers, represent to me, the fact that the markets have multiple equilibria, and that plays out on different time frames.
How does a guy who admits to delivering pizzas and playing the ukelele in cheap hotel bars for a living. A loser with your trading record ask someone else to quit?
LOL,...Lucrum still making friends I see...LOL. Man you have a memory like an elephant. You never forget these things do you?.
Note that multiple equilibria is probably another name (or better said - explains?) for multi-temporal data stream. In other words, markets have many time dimensions. The transforms that take us from time to price then becomes far more complicated than the equivalent transforms in Special Relativity, since in the physical universe, there appears to be only one time dimension. This is nothing new. We know that markets have participants that act over different time frames, but it goes deeper than just this, since they are asking themselves questions in time about another time, both forwards and backwards. A kind of history of history.