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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 691.72-0.1%Jan 16 4:00 PM EST

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To: Vitas who wrote (57447)2/22/2014 9:47:58 AM
From: Joseph Silent  Read Replies (1) of 221988
 
I think the notion of clarity is missed more often than one would think,

and it took me years in my profession to recognize this. For some the notion of "what is the current estimate of how high it will go" is simply not there. I have no explanation for this other than that people understand language and communicate very differently, and not just with markets. Sometimes I am guilty of not explaining well too and it usually happens when I don't understand the question or the motivation behind the question. But I usually get it by the second or third try. :)

Some of this may have to do with the fact that people enter and exit markets differently.

I think it's helpful to ask and answer questions like

--- how high do you expect it to go at a max before it turns and goes down, and what is the time frame for this?

--- how low do you expect it to go at a min before it turns up and what is the time frame for this?

--- are we on our way up at this time or are we on our way down?

and the time-frame will help give one an understanding, based on his/her frequency of market interaction.

My answer is almost always "I don't know" ....and "this is a guess" based on some heuristic.
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