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John Cappello wrote:
>
> 1. What makes anyone think that a rally as significant as Fri. was
> just short covering?
What makes you think the rally was 'significant'? If we look at mid-June
we had a trough-to-peak move of similar size, and then continued the
downtrend. The right question is how does anyone know whether those who
were absent Friday come back as buyers or sellers? My solution is to buy
volatility, and let the market figure out where it wants to go...
>
> 2. What makes anyone think that Hurst Channels will be anything more
> than just another indicater given the amount of work put into it.
I don't want to start the indicator battle again, but I like indicators,
rather than just relying on price itself, in the same way I like having
a speedometer in my car, although I can judge my speed by the rate at
which stationary objects move past.
>
> 3. Why should Norm offer more sound advice than he already does at no
> charge?
>
> 4. Why were most TA people pointing their indicaters down on Fri.?
>
> 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?
>
> 6. How can pitchforks be reliable when they are so dependent upon the
> eye and perception?
How can Barry Bonds hit so many home runs, when making contact is so
dependent on the eye and perception?
Perhaps you just can't write a computer program for talent and
experience.
Regards
DanG
>
> 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
>
>
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