Smart money selling to dumb money.
So why is it smart money vs dumb money anyway?
Are you saying that the Commonwealth and Bell Potter are dumb in buying up Maverick?
I guess i must be dumb then. I'm waiting for it!!
So why is it smart money vs dumb money anyway?
Are you saying that the Commonwealth and Bell Potter are dumb in buying up Maverick?
I guess i must be dumb then. I'm waiting for it!!
Instead of using smart and dumb you could use sophisticated vs unsophisticated. One would assume that investment banks/institutions may have the inside word or knowledge and there is some reason that more than one sophisticated institution is selling down there holdings.
It is not Commonwealth and Bell Potter themselves who are buying, it is them buying on behalf of their clients, ie retail punters.
Thanks for a normal response prawn
The likes of Bell Potter would however be advising clients to buy or would most of their clients make their own decisions? I suppose its not their money but they wouldn't have too many clients if they're ill advised.
Most of the trades are probably from Bell Direct which is execution only. I wouldn't put the average adviser in the "smart money" camp either. Maybe I'm being too cynical.
From a technical perspective on MAD closing at 59.5c with larger than normal volume would you say that if tomorrows trade closes above todays it would signal a comfirmation of a buy or would the close and actions of todays trade have already been technically a comfirmed buy signal?
Instead of using smart and dumb you could use sophisticated vs unsophisticated. One would assume that investment banks/institutions may have the inside word or knowledge and there is some reason that more than one sophisticated institution is selling down there holdings.
It is not Commonwealth and Bell Potter themselves who are buying, it is them buying on behalf of their clients, ie retail punters.
"confirmation " is a misleading term. All it means in a T/A perspective is that your buy condition has triggered. It actually doesn't mean that it is a "good" buy.
So there is no answer to your question.
Well i'll put it another way then. In your view would the buy signal have been triggered given the volume and the close of today actions or would your buy trigger be confirmed by the market closing higher than todays close tomorrow?
How long is a piece of string?
Oh you are soo funny!!!!
I'm sure there are some Tech analyst out there that have a sensible approach in reading the charts without a dumb response such as yours Trembling Hand.
By the way where in the dictionary does "Comfirmation" mean a good buy?
Dumb response?! Mate read what I said. There is no such think as T/A confirmation which you are trying to shoehorn into yesterdays bar. You only have a set up that triggers a confirmed set of conditions. That could be a hundred thousand different things. But they are all irrelevant. Where someone has their trigger for their T/A is different from the next dude trading the same setup. Just Google "hammer technical analysis setup" for yesterdays bar and see for yourself the 4,840,000 possible different articles!!
What you are asking is what is the best colour!! Clearly there is no answer. Only personal opinions. None are going to help you with this crap stock your are holding cus the insto are going to manipulate it until you spew it up.
Whats the difference between this crap stock and RED PEN and all the other ones that your mates Tech & co analyse? If you cant form a personal opinion with yesterdays price and volume on MAD then dont bother answering.
The only thing i'll regurgitate will be you and your comments.
I love these stock threads. Desperate people use them for reassurance for there own crappy trading decisions and when they dont get reply's that help they sook and start getting all antsy.
I don't need to have an opinion about MAD as I was trying to point out how dumb your confirmation question was. But never mind. Carry on. Surely someone will have had a buy trigger yesterday, that will make you all warm and fuzzy.
what TH is trying to say many times over is There is no such thing as confirmation. A signal is generated, then you buy or sell.
Does having a second signal trigger afterwards make the trade 100% foolproof? No. Because nothing in markets are certain.
Some people will say yesterday's bar was the signal.
Some people will say today's higher high is the signal.
There is nothing in between.
Personal testing has found waiting for "confirmation" makes your entries worse.
Also, confirmation bias.
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Back on topic. Good gap fill this morn, would have been worried if that gap didnt close.
(nasty small minded person)
No harm in asking is there and no need for provocation.
!.....I was just trying to point out that the word Confirmation is utterly useless as a T/A practitioner. Anyone that uses it outside of "their tested system" is not worth listening to. Yet you kept on asking is it confirmation.......... no its a bloody Unicorn with a leprechaun dancing on its back while solving the worlds problem.
But you're lost in a sea of your own mis-information.
Some irony in this
Today looks like the final shakeout, volume is up and a low of .505 tested.
An open a few cents above today's close should be confirmation.
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