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This is a good point, Dark Kacker.
It is exactly the same point discovered by technicians near the turn of the
century (like Wyckoff and Schabacker et al.).
Rgds
Dtrader
-----Original Message-----
From: Dark Hacker <hacker@xxxxxxxxxxxxxxx>
To: Tom DeMark <tomdemark@xxxxxxxx>
Cc: Adam Hardy <106056.112@xxxxxxxxxxxxxx>; omega-list@xxxxxxxxxx
<omega-list@xxxxxxxxxx>
Date: Monday, December 07, 1998 12:11 AM
Subject: Re: EURO
:Tom's statement (see below) strikes me as somewhat profound.
:
:He's touched on the reason why I tend to think that
:macro-economic numbers don't form a good basis for a trading system
:because all such numbers are first filtered by the psychology and
:sentiment of traders/investors. You would do better to try and model
:traders and trader behavior than economic numbers.
:
:Price on the other hand is a *result* of trader sentiment which makes
:price and volume a more reliable basis for implementing a trading system.
:
:IMHO of course...
:
:- Hacker
:
:On Sun, 6 Dec 1998, Tom DeMark wrote:
:
:> dow jones composition changes all the time. the emotional make-up of
:> traders is always the same.
:
:---
:Dark Hacker | Fortress Of Computation
:hacker@xxxxxxxxxxxxxxx | http://www.computation.com/pub/hacker/
:____________________________________________________________________
:
: "Building our future... one twisted freak at a time."
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