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International markets traders banter

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Talk about the summer doldrums...:sleeping:

CanOz
 
What was with honkers just then? Push hard to the low, then immediately back up to break the swing high, looked like it was going to tank through that low. Europe open I guess?
 
beautiful

tweet reference to the "reverentially-held" zero hedge
Fari Hamzei ‏@HamzeiAnalytics

come on -- ZH is a subcontractor -- sells a lot of our TICKETS ... rofl
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I have a confession to make, in early Feb I read this post by Tom McClellan (maybe heard of the McClellan Oscillator or Summation Index, very good breadth indices, he is the inventors son AFAIK)

http://www.mcoscillator.com/learnin...ndication_calls_for_big_stock_market_top_now/

and becoming convinced after quantitative research that there was something to it I adapted the time-series into my model. So all the below quoted posts were influenced by Toms genius discovery, which has been profitable all year. Even DAX which looked like it was going to be dragged into Euro hell has paid nicely in the end.

sinner said:
Turning quite neutral here personally. If I had to take odds on the next 6 months I'd be betting long, at least in the DAX and SPX.
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(I was looking at this date to see if Tom McClellans forecast using Eurodollar COT would be correct like previous forecasts...it was)

sinner said:
Oh, you think it's over already? I think this is only a very short pullback in the Qs and SPY.
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Time to cash in some of these chips, but the forecast is pretty clear for more upside so not taking everything off the table yet. My model would have been long but far less biased so without incorporating this time-series into the aggregate.
 
Trembling Hand said:
Welcome to the real analysis's worlds.....
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Har har TH, like all my other time-series were not real analysis :

This one is damn accurate forward shifted predictor, better significance than most I've seen, even aggregate scores from Decision Tree Bagging with fancy inputs.
 
sinner said:
This one is damn accurate forward shifted predictor, better significance than most I've seen, even aggregate scores from Decision Tree Bagging with fancy inputs.
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Some punters around here could do with an understanding of breadth indicators. Time and time again you see some get excited when the XAO has a good run only to step up and get their fingers burnt. A simple understanding of how breadth historically moves would show its only the rarest of rare markets that reward entry on an index going vertical as an ideal entry.
 

Yerp, for anyone who requires quantitative verification here are N day returns for the SPY after a close above the 50,2 bollingers.

http://ibankcoin.com/woodshedderblog/2012/07/30/spy-abnormally-bullish/

Returns generally flat (rather than negative) for the first 30 days after a breakout of this variety as shown in the blue line on the graph.

Pretty good candidate for a bullish options diagonal spread.
 

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sinner said:
More "real analysis's worlds" spotted today on the "reverentially held" Zerohedge
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if the zinspired one was to put "...and here's a cupla my traders showing what i mean" he'd get a tad more cred in the community where waffles mean something.....the trading community

(note, we can't call him (zee)special one as some football numpty already took it....)
 
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