Chart Testing Ground...
|A word about charts: |
|They really do not predict price so much as they guage people, traders, and their sentiments. And, in the sub pennies they really only record trading sentiment and Market Maker Behaviour in the past tense. Sometimes they will show where sentiment turns, sometimes they don't; especially in the subs. The thing is, triple zero charts are pretty useless except to record traders reactions, and foretell very little - except when they do. |
|So why bother? |
Because people are creatures of habit and are attuned to groupthink. And charts do show where the traders are going. The trick is getting in and out on the turns of the crowd. Like when birds do that swoop in unison. They may be heading right for you, you duck - needlessly. Because in a blink of the eye they change course and go elsewhere.
|People will believe in something so much that they will part with hard earned cash no matter what reality tells them. Until they don't. And then they will change direction with ferocity. Charts, sometimes, can give insight to where the crowd is heading. Trends are undeniable at times, but not unstoppable. They change and twist with the vagarities of the groupthink that is present. |
|Good Luck. This stuff is not as easy as it looks. |
Dow (DJIA) NASDAQ Oil
*links to charts
|A book about the first stock and other group mentality: |
'Extraordinary Popular Delusions and the Madness of Crowds'
Thar be charts in ther
These Charts are not to be considered trading advice!
Nothing posted here is intended as an advisement to buy or sell any stock! Embedding ihub charts:
There is a link below the chart with [ bracket chart ] address [ forward slash chart bracket ].
However, the address prefix needs to be added. Between the bracketed words chart and /chart is a link that has the http://ih.advfn.com
left off like this "/p.php?pid=staticchart&s=NO%5EPMCB&p=3&t=16&dm=2".
Simply add http://ih.advfn.com
before the /p and after the first chart in brackets.
Like this, without the extra spaces [ c h a r t ] http://ih.advfn.com/p.php?pid=staticchart&s=NO%5EPMCB&p=3&t=16&dm=2
[/ c h a r t ]
ALSO: There is no daily short info. Anyone saying otherwise is either being deceptive or is sadly misinformed.
Do Not Take My Word For It.
Read the truth directly from the reg sho source:
Information Notice 5/10/19
Understanding Short Sale Volume Data on FINRA’s Website https://www.finra.org/industry/information-notice-051019
This Notice provides information to assist market participants in understanding the short sale volume data published on FINRA’s website. FINRA is aware that some market participants, including investors, may occasionally perceive the percentage of short sale volume to be unusually high or inconsistent with reported short interest data. This perception may cause market participants to draw inaccurate conclusions about the level or nature of short selling activity in the relevant security. FINRA is issuing this Notice to further explain the published short sale volume data and provide several key points for market participants to consider when evaluating the data.
Finally, short sale volume data does not—and is not intended to—equate to reported bimonthly short interest information. FINRA rules require firms to report, on a per security basis, the total quantity of shares held as short positions in all customer and proprietary firm accounts twice a month. FINRA publishes the short interest data for OTC equity securities on its website, while the data for listed stocks is published by the exchange on which the stock is listed. Although some websites redistribute the Daily File and refer to the data as “short interest,” it is not, in fact, the equivalent of reported short interest information.