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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (28857)	2/1/2012 11:51:59 PM
From: Joseph Silent	Read Replies (1) \| Respond to of 222962

Thanks for the comments Chip. >>> Most chart technical analysis has an Origin Yes. >>> So sure there's structure here, but whats the purpose...? Most people draw lines connecting tops to tops, bottoms to bottoms ..... standard practice. In my case, the orange lines satisfy that, but the black and green lines are more than that. They are derived from a pattern that is not shown and very long-term symmetries that surprise me. People who do not experiment would not see that. They would only see what they have learned to draw. We are conditioned by what we think and see, and if we are not habitual experimenters we will tend to see the same things (simple-minded generalisation, but I hope the idea is clear). Whether the symmetries I see are useful to anyone or not is an important question, but is also a separate question. My purpose is to look more closely at these symmetries and their relation to price. I don't think I can have a hope of understanding why it happens, but I'll keep watching. They are more than just remarkable .... . or else I would not be spending time drawing them painstakingly. They have not made made me any money, but there is value in study too, just as there is in breathing. :) >>> The orange line is what's called an Internal Trendline... it has an origin and purpose... to define resistance and support. Yes .... the orange lines were drawn in a standard way. When price moves into the orange area firmly, I'll be able to go back in time and look for symmetry, as in the case of the black and green. /J

To: Chip McVickar who wrote (28857)	2/2/2012 12:24:03 AM
From: Joseph Silent	1 Recommendation Read Replies (2) \| Respond to of 222962

Chip ..... let me also add ..... since I am speaking in a general way ..... the whole idea of simple lines ( vs. waves, cycles etc ---- none of which I am knocking, because I'm comfy with working in "transform spaces" too) has been an interesting play. TA looks at lines as trendlines, support, resistance etc. Nothing wrong. But suppose you look at the market as a beast that has some long term goal in mind, and wants to get there without you knowing the plan or the goal, then the picture changes. The lines take the shape of rates of growth and decline, which periodically change, even though the goal is not changed, or only temporarily changed. However, because of the symmetries I am seeing, there is no "random" going on, or if there is random, it is only a small part of the play. It is as if you --- the market --- change the rates at predetermined times that you know or can alter, but I am not able to predict. But after it happens, I see the symmetry and say I should have somewhat expected that. So something is going on, and I can't put my finger on it. All the support/resistance talk is okay, but it does not carry much meaning for me, or is simply different terminology for something that will happen anyway. The first temptation then is to say "use statistics along with whatever symmetry you see" to predict. Perhaps that may be a heuristic path, but because these processes are non-stationary (meaning probabilities change with time) collecting and using stats is weak at best. This just looks more and more like a social game with untold parameters. And TA is baby language with a not-well-defined grammar (in the technical sense). Perhaps (or even likely) there is no other way. If everyone is an adult, there is no game.