The best determinant of future anything, including prices is HISTORY.
We have no history available for the breakouts.
There's a roadmap available on Nasdaq.
And it's clear as a bell.
Especially when you understand how to use the PRIMARY INDICATORS of PRICE and VOLUME.
I see a lot of trust given to fancy indicators.
Then everyone b*tch about it when they go haywire, especially on this light volume.
Nassim Taleb - he once said in a radio interview that the education system is engaging in malpractice by teaching students programming and algorithms for stock trading - that the best education is knowing your history.
I have to agree.
All Roads Lead to Nasdaq
Started by
SemiBizz
, Sep 18 2013 09:29 AM
2 replies to this topic
#1
SemiBizz
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- Traders-Talk User
- 23,208 posts
Volume Dynamics Specialist
Posted 18 September 2013 - 09:29 AM
Price and Volume Forensics Specialist
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"
Volume is the only vote that matters... the ultimate sentiment poll.
http://twitter.com/VolumeDynamics http://parler.com/Volumedynamics
#2
fib_1618
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- Traders-Talk User
- 10,145 posts
Member
Posted 18 September 2013 - 09:34 AM
Thank you.The best determinant of future anything, including prices is HISTORY.
We have no history available for the breakouts.
There's a roadmap available on Nasdaq.
And it's clear as a bell.
Especially when you understand how to use the PRIMARY INDICATORS of PRICE and VOLUME.
I see a lot of trust given to fancy indicators.
Then everyone b*tch about it when they go haywire, especially on this light volume.
Nassim Taleb - he once said in a radio interview that the education system is engaging in malpractice by teaching students programming and algorithms for stock trading - that the best education is knowing your history.
I have to agree.
Fib
Better to ignore me than abhor me.
“Wise men don't need advice. Fools won't take it” - Benjamin Franklin
"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw
Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.
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#3
Zim
-
- Traders-Talk User
- 247 posts
Member
Posted 18 September 2013 - 09:48 AM
The best determinant of future anything, including prices is HISTORY.
I see a lot of trust given to fancy indicators.
Then everyone b*tch about it when they go haywire, especially on this light volume.
Nassim Taleb - he once said in a radio interview that the education system is engaging in malpractice by teaching students programming and algorithms for stock trading - that the best education is knowing your history.
I have to agree.
Way back when I was in the Brokerage industry I would on occasion say to clients and prospects:
Tell me whether you're bullish or bearish, give me a couple of hours, and I'll get back to you with exactly why you are right!
And there was no internet then, no Google searches. Just the ticker clicking in the front of the office which always contained news for everyone.
Best
Bill
