Monthly Archives: July 2012

It’s All About Winning

He started getting very nervous. He pushed a button on his desk and the sixty flat screens displaying market data just went off. He called his secretary. The 6’5″ tall woman speaking with an accent of Eastern European origin came into the office. … Continue reading

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Massive Money May Start Chasing the Market

Another self-fulfilling prophecy may fail soon and those who “sold in May and went away” may start returning back to the market and chasing it. I warned about this possibility in a post in the beginning of May. The strategy of basically trying to enforce a self-fulfilling … Continue reading

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Market is Maximizing Losses of Weak Hands

Draghi or no Draghi, the market strong hands will always find some excuse to maximize their profits at the expense of weak hands. To those of us who have been around for some time, these verbal interventions sound like an old movie … Continue reading

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Report of the Forward Performance of Machine Designed Trading Systems

This is a report of the forward performance of machine designed trading strategies for SPY, QQQ and DIA using Price Action Lab. We call “forward performance” the results obtained for the systems after the end of the out-of-sample period used during the development phase. These … Continue reading

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“Death Cross”: It’s the Lag, Stupid

A “death cross” panic is about to hit the market thanks to the serious efforts of some naive analysts who like to spread hype. After the 50-200 daily “death cross” was debunked, they have now turned to a 50-200 monthly “death cross” … Continue reading

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Massacre on Wall Street with the Usual Victims

Once more naive chartists fell victims of their own arrogance. Although surrounded by robots, they thought this time around their flagship pattern of head and shoulders would compensate for a long streak of failures during this and last year. “No way” the  … Continue reading

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