Replies to post #312579 on SPDR S&P 500 (SPY)

[NetNeutral]

Could Not have said it bet-r me-self Brother, Amen to that...

Now we can only or at that more then the 5% pool understands what you just said, sigh...

[Robbinhood101]

Thank yuh for the insight. That means this is a game and nothing is real here. P/E means nothing. Cash on hand nothing. Debt nothing. Fundamentals are worthless.

[nowwhat2]

Yeah - Right - No - Okay - Elementary T.A. no longer matters.....
Only your day-trading methods now work.

[USDollar]

Lovely line:
"How several targets are taken precisely and the next one just so close is not? it could be that that target is reserved for fund managers and their quarterly "indicators" so it is not ripe just yet? "

Well, it's been a pleasure (rare thing here unfortunately) this shop exchange.

I see your belief. I understand how you may have come to it.
I flipped myself few times on things (and therefore expect more flipping).

In my belief (ACCOUNTING FOR YOUR VERY VALID CONCERNS) trends DO exist and the rest (S/R, Gann, Angles, waves, etc etc).

Those are VALID elements. The MM have a problem with that as it potentially offer an edge to the players. So since they CAN NOT obliterate them (and I suspect they do NOT want to either) , then the next best thing is to :

1. cut them short (i.e. trendline, MA and channel followers fail just as they gain confidence)

2. Rotate them (let small swings go so Stochastic work and moving average players go crazy losing, then morph into a trending period so the stochastic players get frustrated and lose)

Once a trend takes hold the pattern becomes visible, so a trendline MUST be broken. So by the time 2 points are established and forms a trendline or channel they think it's time to change so no one can use that.
Sometimes they let it a while longer so to build trust in the game (think setup)...

I'm thinking that rotation comes in many ways. One of them is indicators and setups. MM has to fight an ever intelligent growing and advanced environment and I can't blame them for trying to NOT lose to the players.

I already mapped some items. Works, and I use it/them whenever possible, but it's a far cry from what could or should be. For example (under same logic as above) you can NOT have similarity in days. After a strong (long) day the odds are truly slim for another similar day, and if you get a second one then odds are excellent for a slow down, almost 100%.
I mapped this in two ways , one is shape/strength of a given day (daily chart) , and two, intraday strength seen through some short term EMA/SMA. The precision sometimes is spectacular. This is encouraging for similar work and thinking.

I think to try to map "indicator use" and "pattern use" (cadence of MM used tools). As always, I don't expect good results, but you never know. (time and too may projects are my nr1 problem)

The "clearing" I suspect is subject to the same "rotation to fool them foxes" thing

It's simple, but not easy
1,000 words

[NetNeutral]

Wow Brother, now ain't that sumptin, never have I articulated this concept so well, very impressed eye am and other then da-Deva that's hard to do...

That said, I'll say Thank You for the Board because weather they know it or not you just spilled da-Beans and we LIKE IT, LOL...

Love you Man, some day we'll sit, drink to da-Boyz, and Laugh about the trials and tribulations we had to confront B4 we got to this epiphany moment...

Saying it again, Wow...

[Vandalayind]

All it takes for the trend watching chartists, is a dollar or two move in the opposite direction to wipe out all the premium.

Happens all day long in SPY...both ways.

Don't worry though I'm sure that doesn't correlate to order flow in any way.

No one cares what the "valuations" are, because they aren't buying anything. When they're done scoffing up all the options premium, they just sell it back to "dip buyers".