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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?


To: CharlieChina who wrote (15116)4/29/2004 8:33:40 AM
From: Michael Watkins  Respond to of 207075
 
Sigh.

[snip] The program trading architects have properly balanced the markets in a method[/snip]

And you are able to deduce the impact of program trading, on yesterdays session, exactly how?

Its a fair question to ask, since:

a) No program trading data is yet available for yesterdays session. This weeks data summary won't be released until next Thursday. (A discussion as to what you can infer from the summaries is a whole other matter)

b) You've demonstrated so far no access to market data other than that available on publiclly accessible web sites that feature tools and data no more sophisticated than web charts.

c) No one, not you, nor I, nor anyone, can infer from price data alone who is doing what to whom.

d) No one can infer intentions of a whole class of market participants, and by this I refer to your obsession with program trading "architects" - for the long or short term - from price wiggles in a single session.

Therefore your statement:

[snip] The program trading architects have properly balanced the markets in a method[/snip]

... has no basis in fact.



To: CharlieChina who wrote (15116)4/29/2004 8:41:49 AM
From: HairBall  Read Replies (1) | Respond to of 207075
 
Nicholas Gates: Thanks for continuing to post your analysis for free. I am sure everyone on this thread appreciates reading such a concise breakdown of what you are expecting and the precise manner in which you explain how you've come to your conclusion. Everyone on this thread should be grateful you take the time out of your busy schedule to share. Everyone that participates on this thread can learn from your pioneering techniques.

I am sure all those that PM’d you are but the tip of the iceberg of your following. On a purely selfish stand point, Don should give you some space on his telephone hot line or maybe Michael can profit by pairing your analysis with that of Teresa Lo’s on his website. Of course, both may be some what reluctant to associate their analysis with yours, as you might still their thunder.

Regards,
LG

PS: I noticed on your "Zenit" web site you listed this as your interest.. 3rd Degree Black Belt and Instructor in TaeKwonDo Martial Art. So we have something in common. You might also note that Don is originally from Canada and Michael still hails from there. You being Canadian gives you three something in common as well....surely a good fit!



To: CharlieChina who wrote (15116)4/29/2004 10:22:44 AM
From: Kirk ©  Read Replies (1) | Respond to of 207075
 
by Monday or Tuesday of next week, being May 4-5, 2004, we may have additional data to follow up.

Were you expecting a news blackout?