|
PureBytes Links
Trading Reference Links
|
John Cappello wrote:
>
> Dear Daniel,
>
> In response to the items you noted:
>
> 1. I think the rally was significant, especially in light of it
> coming before a weekend that threatened terrorism. I am sure the
> change in short interest numbers when available will help as will the
> actual volume numbers. It would be most unusual in the history of the
> US for the second half of the second year of a first term President
> to be a down one. This rally is just the start of that, to me. That
> plus sound economic numbers which will eventually justify Dow PE's
> are some of my reasons.
I find your comment interesting, since it contradicts the commentators
calling Friday's rally a relief rally after the absence of organized
terrorism on the Fourth of July.
Someone else expressed my thought already: the rally is not significant
(whatever that means) until it breaks the downtrend. OTOH, it was a
great money-making opportunity in the very short term, so to that extent
is was already significant...
>
> 2. No indicater battle from me...just that your sppedometer does not
> predict hoe fast or slow you will go.
Not completely true. It does tell me how fast I will go if my speed
doesn't change, and it tells me when my speed does change, so I know
whether the previous piece of information is still useful.
>
> 6. Barry Bonds has God given eye hand co-ordination plus talent. He
> is one in multi-millions. If you keep that same analogy, that is
> where I come from re. Pitchfork lines even math generated.If there
> are people who can successfully use Pitchforks alone, they are one in
> millions. They tell the past and attempt to foretell the future.
So you admit is is possible; now we are discussing how prevalent success
might be. Driving a car successfully also takes coordination and
perception. Millions do it. Computers still can't. Why do you think
using pitchforks (which, BTW, I don't) is closer to home-run hitting
than driving your car??
Regards
DanG
>
> Now you know better than to suggest I write a program for talent and
> experience.As I see it one is God given and the other is time
> dependent.
>
> Sincerely,
>
> John
>
> ------------------ Reply Separator --------------------
> Originally From: Daniel Goncharoff <thegonch@xxxxxxxxxx>
> Subject: Re: [RT] Questions
> Date: 07/07/2002 07:44am
>
> 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
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
>
> ------------------------ Yahoo! Groups Sponsor ---------------------~-
> ->
> Free $5 Love Reading
> Risk Free!
> http://us.click.yahoo.com/Pp91HA/PfREAA/Ey.GAA/zMEolB/TM
> ---------------------------------------------------------------------
> ~->
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
------------------------ Yahoo! Groups Sponsor ---------------------~-->
Will You Find True Love?
Will You Meet the One?
Free Love Reading by phone!
http://us.click.yahoo.com/ztNCyD/zDLEAA/Ey.GAA/zMEolB/TM
---------------------------------------------------------------------~->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|