What the hell is causing this extreme constant bullish move in the Dow??!

They could, but apparently senility isn't grounds for banning.

 

smurf's chosen religion/method of losing money.

I never considered it a "problem" per se. Potentially subjective? Yes

By definition, yes.

I wholeheartedly agree.

Pretty much, yes. Which imo does not contradict your prior statement which I agreed with.

 

Why would they?

Eventhough the guy is mental and everything is a farse, he promotes discussions and that helps the site.

 

Totally agree, these days I would call them short term traders( STT )

 

I agree it doesn't contradict.

I'm saying the reason "trend trading" doesn't work is because just because price is in a "trend" doesn't mean it's anymore likely to keep going in that direction than to reverse.

I was making those two statements to say that even if you could manage to define a trend, it wouldn't do any good.

Trends only exist in hindsight.

The only way a trend is useful is if you look at a current chart and realize "hey, I got in in the correct direction and then price started trending."

Seeing a trend and then entering doesn't guarantee price will keep going. Price does HH LL all the time. It also does LL HH all the time. As soon as Joe Schmoe trader thinks "hey, it's trending!" it's probably about to reverse, anyway. After all, most traders lose money, so most traders are doing it wrong. And what's to say that pullback isn't really the beginning of a downtrend? The other option is to enter as price is still going up (ie. not waiting for a pullback). People who do that complain that they always enter at the top.

If only there were some way to identify when a trend was about to begin.

 

Third best post of the year so far. LMFAO !

 

There is - believe it.. then do the work to figure it out.., or call me a liar

I couldn't care less either way

RN

 

It seems to me that using one's energy in order to identify a trend before it happens is a bit like chasing the holy grail. In other words, a delusional venture IMO.

Sorry, but market timing in that sense isn't required.

 

So I take it, you think I’m lying

Questions;

For a turn to occur – shocks to the system not withstanding;

Do the big players position themselves first – for an impending turn? (the one they are creating)

If yes – wouldn't that leave tracks to follow / give away their plans?

=========================

If no – so you’re saying they are clueless and simply go along with the herd (granted some are... but there are a few who are not)

(since I’m holding $M's in a position – think I’ll use one mkt order to exit…, and another to re-enter… or better still – I’ll re-position myself a 100 measly shares at a time)

Come on Bone – I know you know better (or at least you should)

RN