Atilla
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Hi guys,
The competition is really getting interesting for me and I have captured two views.
The first is based on the leader board with Gaffs in first place.
The second is in order of bullish sentiment. The up and down should be 9 v 9 as I've just realised I've made a small rounding error. (Images show 10v8 re: Bears v Bulls).
The trading range is a mere 50 ticks - 1521 - 1471. So I really feel a consolidation and convergence is taking place in the group. 5 ticks difference between the Averages approximating to 1500. How fantastic is that???
Just numbers or market psychology in full play?
I have also added colour coding in terms of Gold / Silver / Bronze for weekly podium winners.
Finally, out of the 8 tanker squadron members, only Isatrader has reversed his bearish sentiment and has gone long this week. I so hope it works out for Isatrader
The competition is really getting interesting for me and I have captured two views.
The first is based on the leader board with Gaffs in first place.
The second is in order of bullish sentiment. The up and down should be 9 v 9 as I've just realised I've made a small rounding error. (Images show 10v8 re: Bears v Bulls).
The trading range is a mere 50 ticks - 1521 - 1471. So I really feel a consolidation and convergence is taking place in the group. 5 ticks difference between the Averages approximating to 1500. How fantastic is that???
Just numbers or market psychology in full play? I have also added colour coding in terms of Gold / Silver / Bronze for weekly podium winners.
Finally, out of the 8 tanker squadron members, only Isatrader has reversed his bearish sentiment and has gone long this week. I so hope it works out for Isatrader
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wackypete2
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Hi guys,
The competition is really getting interesting for me and I have captured two views.
The first is based on the leader board with Gaffs in first place.
The second is in order of bullish sentiment. The up and down should be 9 v 9 as I've just realised I've made a small rounding error. (Images show 10v8 re: Bears v Bulls).
The trading range is a mere 50 ticks - 1521 - 1471. So I really feel a consolidation and convergence is taking place in the group. 5 ticks difference between the Averages approximating to 1500. How fantastic is that???
I have also added colour coding in terms of Gold / Silver / Bronze for weekly podium winners.
Finally, out of the 8 tanker squadron members, only Isatrader has reversed his bearish sentiment and has gone long this week. I so hope it works out for Isatrader
So, in otherwords ***** the other 7 of us??
I thought this was a friendly thread
Peter
Pat494
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So, in otherwords ***** the other 7 of us??
I thought this was a friendly thread
Peter
You are in good company
Atilla
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So, in otherwords ***** the other 7 of us??
I thought this was a friendly thread
Peter
Not sure about the 7 of you but someone has to come last
Don't worry so much - you are doing well holding 'down' that position. :cheesy:
isatrader
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...Finally, out of the 8 tanker squadron members, only Isatrader has reversed his bearish sentiment and has gone long this week. I so hope it works out for Isatrader
"there is only one side to the stock market; and it is not the bull side or the bear side, but the right side."
So here's hoping I'm on the right side this week, as I've had a sh!!t start to the year :whistling
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wackypete2
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Not sure about the 7 of you but someone has to come last
Don't worry so much - you are doing well holding 'down' that position. :cheesy:
Well, if I'm going to stink up the place I might as well do it right!
Peter
Atilla
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Well I recall after winning one quarter last year - I followed up by scraping the sewers for good many weeks.
That's when I decided I needed a better system than brain. Follow the trend.
OMG!
http://www.marketwatch.com/story/sp-hits-1500-target-ready-for-1600-2013-01-28?dist=tbeforebell
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isatrader
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I keep hearing the following mentioned on the TV and the web:
"Small investors are back in the market after abandoning it during the financial crisis. The return by individual investors is a big reason why the Dow Jones Industrial Average is moving toward an all-time high. The Dow has jumped 850 points in January, a 6.5% gain, marking its best start to a new year since 1989, the Wall Street Journal reports"
However, the data doesn't seem to back up the above statement, as the NYSE (NYTV) total volumes are making new lows and have been around the declining moving average since the start of the year, the Nasdaq (NATV) is close to new lows, and the AMEX (AMTV) is also close to new lows and has been massively lower since the crisis. So even if this money is coming in somewhere, other market players are clearly still getting out of the main exchanges. Or moving to alternate exchanges to hide their activity.
"Small investors are back in the market after abandoning it during the financial crisis. The return by individual investors is a big reason why the Dow Jones Industrial Average is moving toward an all-time high. The Dow has jumped 850 points in January, a 6.5% gain, marking its best start to a new year since 1989, the Wall Street Journal reports"
However, the data doesn't seem to back up the above statement, as the NYSE (NYTV) total volumes are making new lows and have been around the declining moving average since the start of the year, the Nasdaq (NATV) is close to new lows, and the AMEX (AMTV) is also close to new lows and has been massively lower since the crisis. So even if this money is coming in somewhere, other market players are clearly still getting out of the main exchanges. Or moving to alternate exchanges to hide their activity.
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isatrader
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I've found an article that seems to back up what I'm seeing in the above volume charts that I posted. Go to: Second Consecutive Week Of Outflows From US Equities | Zero Hedge
timsk
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I don't. 'isatrader the traitor' I call him!. . . I so hope it works out for Isatrader
Tim.
Atilla
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I don't. 'isatrader the traitor' I call him!
Tim.
Hmmm - well if it works out, on Friday evening you may well end up calling him "the rich traitor"
isatrader
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Mr. Crabs
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I keep hearing the following mentioned on the TV and the web:
"Small investors are back in the market after abandoning it during the financial crisis. The return by individual investors is a big reason why the Dow Jones Industrial Average is moving toward an all-time high. The Dow has jumped 850 points in January, a 6.5% gain, marking its best start to a new year since 1989, the Wall Street Journal reports"
However, the data doesn't seem to back up the above statement, as the NYSE (NYTV) total volumes are making new lows and have been around the declining moving average since the start of the year, the Nasdaq (NATV) is close to new lows, and the AMEX (AMTV) is also close to new lows and has been massively lower since the crisis. So even if this money is coming in somewhere, other market players are clearly still getting out of the main exchanges. Or moving to alternate exchanges to hide their activity.
Looks like a sign the market won't be tanking until enough time has passed for big money to liquidate. Could be months, but I expect we will see a sharp correction within the year. Maybe after we teeter closer to blue skies.
Atilla
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Hi guys,
The competition is so close, and the last three weeks accuracy of the top runners have been pretty amazing. Not more than 2-3 points separating the podium winners.
Podium 'positions this week are;
Isatrader.... in first place........:clap: 1st :clap:
Gaffs1964... in second place..... 2nd
Vicorka...... in third place........ 3rd
The trend following system thus far seems to be beating the doom and gloomers by a handsome margin. Weighted Average is also doing remarkably well again along with Gaffs. Consistency is the name of the game (Said with a Bruce Forsyth accent )
The competition is so close, and the last three weeks accuracy of the top runners have been pretty amazing. Not more than 2-3 points separating the podium winners.
Podium 'positions this week are;
Isatrader.... in first place........:clap: 1st :clap:
Gaffs1964... in second place.....
2nd Vicorka...... in third place........
3rd The trend following system thus far seems to be beating the doom and gloomers by a handsome margin. Weighted Average is also doing remarkably well again along with Gaffs. Consistency is the name of the game (Said with a Bruce Forsyth accent
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M
malaguti
I hate this...1520 please
VielGeld
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Man, so close and yet so far again. You guys are tough to beat! Congrats!
I think I may finally go down next week. This week's action told me there was some heavy selling going on. To tell the truth, I'm getting pretty antsy about this trend...
I think I may finally go down next week. This week's action told me there was some heavy selling going on. To tell the truth, I'm getting pretty antsy about this trend...
