Comments on: A Technically Driven Market http://www.tradersnarrative.com/a-technically-driven-market-3100.html Freshly squeezed market commentary & analysis Sun, 21 Mar 2010 16:24:59 +0000 http://wordpress.org/?v=2.0.2 by: Dave http://www.tradersnarrative.com/a-technically-driven-market-3100.html#comment-55684 Tue, 13 Oct 2009 20:21:52 +0000 http://www.tradersnarrative.com/a-technically-driven-market-3100.html#comment-55684 Wayne, I think that he was calling you a "bull - y"; you made me cry. And as for "beat the dog crap out of (you)". Don't think so. Think you got plenty left. Wayne,

I think that he was calling you a “bull - y”; you made me cry. And as for “beat the dog crap out of (you)”. Don’t think so. Think you got plenty left.

]]> by: wayne http://www.tradersnarrative.com/a-technically-driven-market-3100.html#comment-55682 Tue, 13 Oct 2009 19:31:12 +0000 http://www.tradersnarrative.com/a-technically-driven-market-3100.html#comment-55682 When I was 12 years old, someone called my sister a permabull and when I stood up for her, he beat the dog crap out of me. I have never been able to get over it. When I was 12 years old, someone called my sister a permabull and when I stood up for her, he beat the dog crap out of me. I have never been able to get over it.

]]> by: Dave http://www.tradersnarrative.com/a-technically-driven-market-3100.html#comment-55679 Tue, 13 Oct 2009 17:09:40 +0000 http://www.tradersnarrative.com/a-technically-driven-market-3100.html#comment-55679 You seem fixiated on my having asked that question once. This is the 3rd time you've brought it up. I would have written the same thing in response to "“Remember that BULLS have always had the most lucid and convincing arguments” last year. It's not about "lucid and convincing arguments"; it's about price action. That's where the rubber meets the road. You seem fixiated on my having asked that question once. This is the 3rd time you’ve brought it up.

I would have written the same thing in response to ““Remember that BULLS have always had the most lucid and convincing arguments” last year.

It’s not about “lucid and convincing arguments”; it’s about price action. That’s where the rubber meets the road.

]]> by: wayne http://www.tradersnarrative.com/a-technically-driven-market-3100.html#comment-55677 Tue, 13 Oct 2009 14:25:15 +0000 http://www.tradersnarrative.com/a-technically-driven-market-3100.html#comment-55677 Dave, I should have wrote, "Dave, you are dead on, I just hope you are not a permabull (wink)". A shame we can not see the facial expressions with which comments are posted. Dave,

I should have wrote,

“Dave, you are dead on, I just hope you are not a permabull (wink)”.

A shame we can not see the facial expressions with which comments are posted.

]]> by: wayne http://www.tradersnarrative.com/a-technically-driven-market-3100.html#comment-55676 Tue, 13 Oct 2009 13:03:54 +0000 http://www.tradersnarrative.com/a-technically-driven-market-3100.html#comment-55676 That is why my trades are dictated 95% of the time by a model and not my instincts, else I trade my opinion and not the odds. That is why my trades are dictated 95% of the time by a model and not my instincts, else I trade my opinion and not the odds.

]]> by: Dave http://www.tradersnarrative.com/a-technically-driven-market-3100.html#comment-55666 Tue, 13 Oct 2009 04:25:06 +0000 http://www.tradersnarrative.com/a-technically-driven-market-3100.html#comment-55666 Answer: i didn't take it that way. "lucid and convincing arguments" are like opinions & noses. Most people have one (at least to them). Yogi Berra used to talk to the opposing batters in order to distract them. Hank Aaron tells the story about the 1958 World Series, with Yogi behind the plate. Yogi kept telling Hank that he was holding the bat the wrong way & to hold the bat with the label up so he could read it. Finally, Aaron turned and said "Yogi, I came up here to hit, not to read." Most off-the-floor traders have an opinion (convincing arguments). When their opinion is right, they make money. When their opinion isn't right..... When you talk to most pit traders, they profess to not have an opinion. The best trade the paper flow. I think many trading coaches would agree that most off-the-floor traders trade to validate their opinions not to necessarily make money. Answer: i didn’t take it that way.

“lucid and convincing arguments” are like opinions & noses. Most people have one (at least to them).

Yogi Berra used to talk to the opposing batters in order to distract them. Hank Aaron tells the story about the 1958 World Series, with Yogi behind the plate. Yogi kept telling Hank that he was holding the bat the wrong way & to hold the bat with the label up so he could read it.

Finally, Aaron turned and said “Yogi, I came up here to hit, not to read.”

Most off-the-floor traders have an opinion (convincing arguments). When their opinion is right, they make money. When their opinion isn’t right….. When you talk to most pit traders, they profess to not have an opinion. The best trade the paper flow.

I think many trading coaches would agree that most off-the-floor traders trade to validate their opinions not to necessarily make money.

]]> by: Babak http://www.tradersnarrative.com/a-technically-driven-market-3100.html#comment-55662 Mon, 12 Oct 2009 23:46:04 +0000 http://www.tradersnarrative.com/a-technically-driven-market-3100.html#comment-55662 Wayne, that's a good point. In reality, if you really look, you can always make a case for both sides. The fascinating thing is that we somehow are able to have a bias and choose one over the other. I think that's where behavioral economics comes in or maybe there's another explanation from neuroscience. Wayne, that’s a good point. In reality, if you really look, you can always make a case for both sides. The fascinating thing is that we somehow are able to have a bias and choose one over the other. I think that’s where behavioral economics comes in or maybe there’s another explanation from neuroscience.

]]> by: wayne http://www.tradersnarrative.com/a-technically-driven-market-3100.html#comment-55657 Mon, 12 Oct 2009 13:08:52 +0000 http://www.tradersnarrative.com/a-technically-driven-market-3100.html#comment-55657 Dave "Whatever's" are often used as a polite way to say "I don't give a s**t". Did you understand that we were in total agreement and I was simply expanding on your comment? Dave

“Whatever’s” are often used as a polite way to say “I don’t give a s**t”.

Did you understand that we were in total agreement and I was simply expanding on your comment?

]]> by: Dave http://www.tradersnarrative.com/a-technically-driven-market-3100.html#comment-55655 Mon, 12 Oct 2009 08:07:28 +0000 http://www.tradersnarrative.com/a-technically-driven-market-3100.html#comment-55655 @ Wayne, whatever @ Wayne,

whatever

]]> by: tradeking13 http://www.tradersnarrative.com/a-technically-driven-market-3100.html#comment-55621 Fri, 09 Oct 2009 03:53:31 +0000 http://www.tradersnarrative.com/a-technically-driven-market-3100.html#comment-55621 So, using 2003 as a guide, the market should move 5-7% higher from here and then churn sideways to lower for most of 2010 before resuming an uptrend? So, using 2003 as a guide, the market should move 5-7% higher from here and then churn sideways to lower for most of 2010 before resuming an uptrend?

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