Search found 23 matches

by efficiency
Sat Apr 24, 2010 9:54 am
Forum: Stocks
Topic: Stocks with necklines.
Replies: 3
Views: 4401

Thank you for your response (and the charts). Actually I was referring to supporting necklines (multi-month) that have the potential to break south. In other words fully distributed equities.
by efficiency
Fri Apr 23, 2010 11:01 pm
Forum: Stocks
Topic: Stocks with necklines.
Replies: 3
Views: 4401

Stocks with necklines.

Can anybody suggest one or two reasonably liquid stocks oscilalting about well established necklines?

I'll offer one, Monsanto, ticker MON
by efficiency
Sun Oct 26, 2008 7:23 pm
Forum: Market Psychology
Topic: Fed funds as indicator?
Replies: 5
Views: 11225

I stand slightly corrected. The majority of banks don't borrow Fed Funds. They rely on upline correspondents (both borrowing and loan participations beyond legal lending limits) or repurchases from often unknown counter-parties. It would however appear, that money center banks do. Particularly in ti...
by efficiency
Sun Oct 26, 2008 12:11 pm
Forum: Trend Indicators and Signals
Topic: Volume on NO Price Movment
Replies: 13
Views: 12023

Allright, I'll concede could be a buyer covering a short. But, IF that's the case, it's volume.......... WITHOUT accumulation. Merely being "put back" where it was and POOF one owner rather than two for the same portion of the instrument. As for a PURE offset between a buyer(s) and a seller(s) (and ...
by efficiency
Fri Jun 13, 2008 7:31 pm
Forum: Trend Indicators and Signals
Topic: Volume on NO Price Movment
Replies: 13
Views: 12023

Whether the "high" volume is from fragmented participants or blocks of staggering size the implication is a portion of the aggregate instrument is changing hands, with the seller(s) willing to incur a taxable event and perhaps alieviate stress and............a buyer incurring FRESH risk. More impora...
by efficiency
Mon Dec 24, 2007 7:02 pm
Forum: Trend Indicators and Signals
Topic: How to determine the narrowest point based on the Bollinger
Replies: 4
Views: 5701

Likewise, I can't grasp what the OP is asking. The MetaStock formula for Bollinger bandwidth is: 4x(std(C,20))/mov(c,20,S) 20 days (roughly one month) was John Bollinger's default. It's not carved in stone nor is 20 days statistically significant. Using the preceding formula will yield a graphic dep...
by efficiency
Sat Aug 18, 2007 2:24 pm
Forum: Stocks
Topic: Trend Following with EMA + CANSLIM
Replies: 7
Views: 15281

One of my best shorts was Doral Financial (DRL), the largest bank in Puerto Rico. It had a high Investors Business Daily ratiing in late 2004. Stock was in the $40's. As I write it's priced at 89 cents. Ironic that William O'Neil made a public remark he'd "never" made much money shorting. Yet, he wr...
by efficiency
Sat Aug 18, 2007 2:10 pm
Forum: Trend Indicators and Signals
Topic: Follow Leading or Lagging indicators?
Replies: 10
Views: 8910

Yes, to paraphrase Livermore, " a stock is never to high to buy". Hmm all these adages are great but should not be taken too literally. I would not quibble for an instant with buying highs and selling lows. It is what trend followers do. But don't forget timing and start dates and the pain of losin...
by efficiency
Sat Aug 18, 2007 1:15 pm
Forum: Market Psychology
Topic: another market crash?
Replies: 4
Views: 7603

In my opinion, I consider a "crash" an orchestrated event. Inventory posturing. IF the NYSE experiences opening gaps DOWN on most issues, I don't think its a matter of "everyone" long having an epiphany simultaneously. True order imbalances result in delayed opens/halts. Specialists (and market make...
by efficiency
Sun Jul 08, 2007 2:45 pm
Forum: Trend Indicators and Signals
Topic: Follow Leading or Lagging indicators?
Replies: 10
Views: 8910

Yes, to paraphrase Livermore, " a stock is never to high to buy". Note the word "stock". Given the periodic adage of "beans in the teens" why...........800 wouldn't be too high. But I don't trade beans. I do however prefer a creamy rather oily salad dressing. The sailient point disregarded is the ba...
by efficiency
Fri Jul 06, 2007 8:58 am
Forum: Trend Indicators and Signals
Topic: Follow Leading or Lagging indicators?
Replies: 10
Views: 8910

What "I" would do???? Well. I would love a 30 year/3 decade LOW LEVEL base coupled with a round number. Particularly with an element of inside ownership stemming from outlays rather than options. But $200 isn't a low level (unless there was an unlikely massive reverse split). So what would I do? I w...
by efficiency
Wed Jul 04, 2007 3:59 pm
Forum: Trend Indicators and Signals
Topic: Follow Leading or Lagging indicators?
Replies: 10
Views: 8910

1. Obviously anticipating is not trend following. 2. Until proven otherwise, this is the price point that has failed in the past. It was not mentioned how many occasions the price repelled $200. The more occasions, the more potent. Break ABOVE a potent price point would be material. 3. Theory of rou...
by efficiency
Sun Jun 24, 2007 5:16 pm
Forum: Trend Indicators and Signals
Topic: Volume on NO Price Movment
Replies: 13
Views: 12023

Re: Volume on NO Price Movment

Stock which has 200,000 volume on average daily was traded 608,000 in one day when the High=Low=Close=Open. Isn't that weird? How come this much higher volume activity did not affected the price at all? The human element, namely the specialist/market maker. In contrast to futures, stocks are mercha...
by efficiency
Sun Jun 24, 2007 5:08 pm
Forum: Trend Indicators and Signals
Topic: OBV
Replies: 3
Views: 5621

Not rudimentary. More like archaic. Assigning ALL volume in one direction (or the other) was probably convenient before the advent of the PC. Although precision cannot be attained, there are closer approximations. Such as the formula cited. As far as "leading", relative strength, neutralizing the in...
by efficiency
Fri Mar 02, 2007 4:59 pm
Forum: Trend Indicators and Signals
Topic: OBV
Replies: 3
Views: 5621

OBV may have been state of the art in 1962 when Granville "invented" it, but we've had PC's for 30 years and allocating ALL volume in one direction or the other is hardly precise. Market Profile creating a histogram at price increments is better but not practical beyond futures. Try : ( (C-O)/(H-L))...
by efficiency
Fri Jan 26, 2007 3:51 pm
Forum: Market Psychology
Topic: Fed funds as indicator?
Replies: 5
Views: 11225

Banks don't borrow from the Fed Funds window. They borrow from correspondents or overnight repo's. There is no "fed funds window" - and the interest rate charged by the correspondents and repos is pretty much directly determined by the target rate set by the Fed and enforced through open market ope...
by efficiency
Fri Jan 26, 2007 3:35 pm
Forum: Trader Psychology
Topic: Boy Plunger
Replies: 11
Views: 16031

Hi : If Mr Jesse Livermore is alive today he would have been a more "efficient" trader. Instead of relying on the tape machine and chalk boys filling the quotes of the blackboard, he would have live streaming stock data, online technical charts and live news feed at his fingertips to aid his decisi...
by efficiency
Mon Jan 22, 2007 8:13 am
Forum: Market Psychology
Topic: Fed funds as indicator?
Replies: 5
Views: 11225

Banks don't borrow from the Fed Funds window. They borrow from correspondents or overnight repo's. I will concede Prime is pegged to Fed Funds. Moral suasion. Bit of a contradiction when Fed Funds has consecutive hikes but open market operations are buying up T-issues from banks, thus fostering lend...
by efficiency
Mon Jan 22, 2007 8:07 am
Forum: Trader Psychology
Topic: Boy Plunger
Replies: 11
Views: 16031

He may have not died broke, but he did die by his own hand, and the bulk of the last decade was absent former artificial edges. The sailent point though is apparently poor risk management and/or position size. You mean he lost his edge trading his last 10 years? Its hard to agree cos he had 40 year...
by efficiency
Tue Jan 16, 2007 4:14 pm
Forum: Trader Psychology
Topic: Boy Plunger
Replies: 11
Views: 16031

I own one of Smitten's books. It's repetiitve fluff now in storage. Nice photos though. I believe he was married thrice, the last being a Ziegfield girl several years his junior. He may have not died broke, but he did die by his own hand, and the bulk of the last decade was absent former artificial ...