Hi Gersh:" you gotta be right enough! "
too true, amigo mio! ya gotta not only nail direction but also extent to trade them option thingys consistently well.
Hey Gersh, I was thinking about how you (for real, no paper) trade or invest in your spooky fund based on a T+3 timing anticipation. You know, in the game of chess it is said that, "when you get to the point where you can see three moves ahead - you have reached the first 'Chess Master' level".
anyhoo, was thinking about your T+3. You know with the candlesticks we often sum together two candles into one, to get a better read on sentiment. And I been playing around with different, intra-day candlestick time slices for indices on quote.com for some time now - which is the same thing as summing together candlesticks to reveal an aggregate sentiment.
So I got to poking around this here MetaStock chart thingy I use, and in addition to Daily, Weekly, Monthly time scales, they got this Other option, so I clicked on it.
Turns out that you can take a daily chart, set the time-scale to Other and select "compression" to some integer from 1 (no change) on up to 2 (classic candlestick sum) as well as 3, 4... N.
So I set it to 2 and that was useful. Then I set it to 3 or, "sum together the last three days, on back to the beginning to the chart".
whoa ! T+3 sum is very interesting, Gersh.
Of course all the TrendLines and Horizontal Supports and fibonacci levels remain intact, relevant and so forth. But the candlesticks look completely different. Not quite like a weekly 'stick ('weekly' would be T+5 compression when your last observation was a Friday) the T+3 candles seemed much more "regular", "well-defined", perhaps "certain" is the word I'm searching for.
Anyway, T+3 day charts look completely different !
I'll try to put one up on the 'net for you to see.
-Steve |
