23 replies to this topic

[denleo]

Got it. So you and Greenie are trying to shift sentiment? Clever!!! Nervous? Denleo

[A-ha]

Got it. So you and Greenie are trying to shift sentiment? Clever!!!

Nervous?

Denleo

If I wanted to shift the sentiment, I wouldnt give my position at all.

As per greene, sentiment is worthless anyway but you should ask him what he has in mind


BTW, OEX PC is now below 1... quite a rate occurance... gap up tomorrow?

Edited by A-ha, 17 September 2007 - 04:53 PM.

[greenie]

There is nothing wrong to expect volatility around fed meeting - 50 points up and then another 50 down, and so on. Both bulls and bears will be right - Bennie has a gift for everyone

[OEXCHAOS]

"Sentiment is worthless!" Readings can be worthless, but it's the best tool after price there is. Next is volume. Mark

[greenie]

I presume you agree then - price is most important, then comes volumes and sentiment is worth less (than other two).

[SemiBizz]

"Sentiment is worthless!"



Readings can be worthless, but it's the best tool after price there is. Next is volume.

Mark

Sentiment Can't give you price targets... VOLUME can. Volume analysis IS the most powerful tool, as you say, it's a smart money poll.

[OEXCHAOS]

Volume doesn't tell you WHEN. Sentiment (often) does. But it's darned nice to know where the targets are. And, greenie, try polishing the reading comprehension just a bit. Price (because it's what we trade), then sentiment, then volume, in order of utility. Mark

[SemiBizz]

Sure it does... you came into today bullish... it hit the volume triggers on the nasdaq 25 pts below where we started today on the buy side, based on a bullish spring.... it sure as hell does tell you WHEN !!.

Edited by SemiBizz, 17 September 2007 - 07:53 PM.

[dasein]

isee closed at 96, near to the numbers at th last ST rally, but not as depressed as it has been - 56 or so. klh

[OEXCHAOS]

Sure it does... you came into today bullish... it hit the volume triggers on the nasdaq 25 pts below where we started today on the buy side, based on a bullish spring.... it sure as hell does tell you WHEN !!.

Actually, based upon the only really clear sentiment signal (from the WSS Survey) we were BEARISH for Monday. I just wasn't willing to trade it, the Buy from the senticator notwithstanding (those signals are more muddy and are weekly anyway).

I suppose volume can give you some pretty good "whens" too. But I'd say fewer and some less timely than sentiment, though it's not like it's a competition. I'll take what I can get, where I can get it.

Mark

isee closed at 96, near to the numbers at th last ST rally, but not as depressed as it has been - 56 or so.

klh

Yeah, ISEE isn't the indicator that I had hoped. It's generally in need of support from other sentiment to be reliable enough.

Mark