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Dear Ben,
Some good answers there and some I would like to check.
1. Low Volume... What was Nas up/dn vol and NYSE up/dn vol and total
volume of each compared to prior day. If lower I am a potential
believer.
2. Many indicaters have certain relationships to Std. dev. That does
not mean that they can be used as trading predicters.
3. Chances are Norm would be doing more sharing if he were learning
more as he shared.
4. This does not say much for those who posted the next low points to
be hit the next day...at least 90% were off by my rough estimate.
5. I am not a programmer and can come up with trading ideas that have
a chance to work. The same can not be said of all programmers some of
whom may have years of experience and hard work at programming. This
is not directed at any person so...please take it as it is written.
6. Now you are getting too Zen on me.
Sincerely,
John
------------------ Reply Separator --------------------
Originally From: profitok <profitok@xxxxxxxxxxxxx>
Subject: Re: [RT] Questions
Date: 07/07/2002 00:55am
----- Original Message -----
From: "John Cappello" <jvc689@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <MedianLine@xxxxxxxxxxxxxxx>
Sent: Saturday, July 06, 2002 12:42 PM
Subject: [RT] Questions
>
> 1. What makes anyone think that a rally as significant as Fri. was
> just short covering?
> Simple,, LOW VOLUME
> 2. What makes anyone think that Hurst Channels will be anything more
> than just another indicater given the amount of work put into it.
> NOT TRUE<< PRICE will come back to the normal distribution of 3
std div
99% of the time
> 3. Why should Norm offer more sound advice than he already does at
no
> charge?Because he is also willing to share and LEARN
>
> 4. Why were most TA people pointing their indicaters down on Fri.?
> NOT those that read the market map!!!
> 5. Why do people seem to think that the ability to program
correlates
> with coming up with sound ideas that are useful for real time
trading?
> ONE has to EARN credebility and it ONLY comes after YEARS of
research and
hard work!!!
> 6. How can pitchforks be reliable when they are so dependent upon
the
> eye and perception?
> ONE must pick the right turning points,, takes YEARS to train the
eye and
brain to work IN harmoney!!
> These are just a few questions I have had after seeing so many posts
> on these subjects.They are meant for educational purposes of myself
> and perhaps others. I have more, but they can wait.
>
> John
> hope this helps
Ben
>
> To unsubscribe from this group, send an email to:
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>
>
>
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>
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