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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: deeno who wrote (23456)	6/5/2013 4:45:01 PM
From: ahhaha	Read Replies (1) \| Respond to of 24758

HAve you not said the ET flow is not a good predictor of stock price movement. Price action is random. ET flow is random. When these two diverge the power to contradict arises. I took that to mean that your ET flow was a piece of the puzzle not the puzzle. ET flow is a measure of what people are doing in markets. Price isn't. Most active traders sense price isn't, but they blame this on big boyz, or algos, or MMs, or ...No trader I've ever met knew the machinery. From the thousands of so called pros who have made comments on CNBC none of them do either. no, actually I admitted I didnt know much about small oil and gas. Assessing it is no different than assessing anything else. Specialty knowledge tends to hurt. You could have said why I was wrong and why the metrics were valid. I could spoon feed you too, but you wouldn't pay me for either. You would, however, pay Warren to be advised. In fact, I wouldn't advise anyone for any money. Just means you're a slave. Are you saying ET flow is governed by the metrics you quoted. I've given many extensive detailed descriptions of it over the years here. those metrics are just being discovered and ET flow substantiate thier validity? Two days ago I wrote a post here that mentions how I developed ET flow from tape reading of the old air blown Translux device that went out of use in the late '70s. You read it. In the late '50s they had mechanical character assembly broadcast tapes. They weren't quite as good, but they were better than the all electronic ones that came in vogue in the early '80s and which were basically useless. By then I was assisting the NYSE in writing its first programmed control, execution, and display system that was integrated into the overhead monitors by '85. care to elaborate I have created perpetual trusts. Most are. In any event why do you care when it disappears? Is that datum relevant here? No. You can't argue from a specific to the general, called inductive reasoning, unless you can widen the domain. Oil and gas prices wouldnt move a royality trust? Oil price won't move any oil entity very much. All oil entities including the petroleum are random walking in a base. That isn't a risk parameter in the oil patch. seems counter intuitative. You said you don't know oil. I could have told you that. You don't know things because like most Americans, you don't investigate, don't dig in, to get to actual truth. No, more of a love. I did work on the NYSE for a time when the DOT system was just rolling out on 100 and 200 share market orders. A disaster that I recommended they didn't implement. It was a serve up for the specialists. The specialists wanted it for protection, yet no matter how you argued to show them how they were shooting themselves in the foot, they wouldn't believe it. Like most WS not very intellect and blown up with money and entitlement. The only thing that got turned around was the specialist. Before their substantial demise they renounced it. Imbeciles. so anytime you want to substantiate your views to someone that started out with the comment, that its not my area of expertise but.... Definitely part of the American attitude about who owes them a living. So curious what came first the ET flow or the metrics you brought out? Did you actually have any specific knowledge about the company? No. However, nobody alive has the breadth of knowledge about companies and the stock market like I do. know some drillers, landowners, geologists that brought it up on your radar screen They don't know a thing. Usually what they know is too dangerous to use. It has to aggregate in a knowledge stream before it can be used. Funny in the end I gleaned you didnt think PER was that great an idea. I didn't say that. I said using ET flow artificially isn't as good as approaching discovery in other ways. Bill O'Neill, an old friend, would tell you as much. He was very skilled at finding winners. Then you evaluate their ET flow. As if you were putting up a straw man that you could support or not support depending on who stepped up. I don't need to talk to you poor, little kiddies. My colleagues in the various professional disciplines where I operate can't believe that I do. They say, "why waste time on those bums"? Ans. When I go back and read my posts anywhere in the past they crack me up. Every era has its unique charm. The best stuff is attacks against the WH, the FED, and descriptions of galactic aliens. Priceless stuff, absolutely entertaining.