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--- In realtraders@xxxx, "reinar2020" <reinar2020@xxxx> wrote:
> Well John
>
> "The behavior of the specialists does not lie" Richard Ney
>
> 4. Why were most TA people pointing their indicaters down on Fri.?
> My wall street sailing report was pointing in one direction up.
>
> what the site says is below.
>
> Forecast for July 5
> The numbers are in and inventory is six while setups are 9:0
> The Captian is looking for substantial gusts towards the north to
> the next marker.
>
>
> Happy 4th
>
> For July 3 we forecasted... The patterns of the inventory level and
> setups are what one sees as the ship is making a wide turn near a
> marker. As forecasted prices went a few points past the marker ...
> (location posted hours before to the email group) ...... and turned
> to avoid the sand bar...(Sent out to free email yahoogroup while
> occuring). As you know a 11:1 setup ratio is positive for upward
> prices. This drove northbound winds after prices turned to avoid
the
> sand bar. Near the end of the day we saw the high long setup
> numbers...with a neutral inventory move prices through a minor sand
> bar, that otherwise might give significant resistance.
>
>
>
> Forecast for July 3
> The forecasted up move in the morning .......based upon 6 only long
> setups was weak. Prices continued south most of the day.. Inventory
> has come up in the last few days and is now at 9.. Along with the
> short set up numbers being about as low as they can get.......
this
> would suggest that new shorts are not being put on. For tomorrow
the
> long set up vs short set up numbers are 11:1.
> The patterns of the inventory level and setups are what one sees as
> the ship is making a wide turn near a marker .
> Enjoy Independence Day.
>
>
>
> --- In realtraders@xxxx, John Cappello <jvc689@xxxx> wrote:
> >
> > 1. What makes anyone think that a rally as significant as Fri.
was
> > just short covering?
> >
> > 2. What makes anyone think that Hurst Channels will be anything
> more
> > than just another indicater given the amount of work put into it.
> >
> > 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?
> >
> > 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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