SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : QQQ & DIA - chat & chart
QQQ 608.86+0.1%Nov 14 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Chris McConnel who wrote (184)11/14/2001 1:22:22 AM
From: Jon Khymn  Read Replies (1) of 795
 
How to determine? You picked the wrong person to ask, I'm still a novice.

I don't look for anything fancy, just basic stuff such as
% drop from the last peak,
volume,
EMA,
and ratio of Nas/QQQ to feel the sentiment of the Q traders.
Of course FOMC and other big news have to be factored in also.
But I would give most weight on chart pattern itself.
We can call it 'pattern recognition'
I don't know how to explain this part.
After reviewing thousands of charts, some patterns seem to repeat more often.
Drawing future chart helps too. Where the market will be in 1 week, 1 month, and 3 month....
Unlike 10 days ago, now 6 mo. or 1 year chart looks bullish. 6 mo. Nas chart projection shows top to be around 2020 before turn south.

I think T/A is somewhere between science(statistic) and art.

>>Have been working on an indicator in Metastock that uses linear regression

Did you major in math?
What is your success rate with 5 bar method?
I would consider anything over 60% to be excellent.

What I like to do is input millions of chart itself to a computer then program the computer to recognize certain pattern and predict the future trend. I think the computer needs certain level of AI(artificial intelligence) to do this job...
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News