This is what happens when the world embraces voodoo trading theories and superstitions... they become vulnerable to yet more voo doo. And people like Denise are more than happy to PayPal you out of a few thousand dollars to run you around by the nose.
Another distraction to take your eye off of the buying and selling pressure.
http://traderpsyches.com/
Let me put my money where my mouth is...
In the July 2009, CNBC video above, Denise said "We're going to test the lows (March 2009) again." In other words, she was looking for a sell-off!
Well let's look at "The Last Hope Trader" post from July 2009 where I'm watching for more upside;
"Buy/Sell Pressure vs. Volume"
http://angelo-lasthopetrader.blogspot.com/2009/07/buysell-pressure-vs-volume.html
The difference between Buy/Sell pressure and volume is as different as night and day. Both charts above are Daily S&P mid-July when the world was focused on the 'head and shoulders' formation. The word was, "The Market Is Going Down".
Fast forward to the chart above. As you now know we went past the "head" of the "head and shoulders" and right through the Daily 50% level of 989 from the launch around 865.
Almost 130 points in 10 trading days!
I call their method voodoo chart reading. They take a formation that works 10 times out of 100 and they run around telling each other, "Head and shoulders! Head and shoulders! The fake rally is over!" As if repeating it enough times will make it come true. I think it just helps the "Casino Traders" feel better because they hate the land of "Not Knowing".
Volume can't tell you direction until after the trade is gone.
Only buying and selling pressure can give you actionable, advance notice.
Buying and selling pressure can't lie.
Volume lies all the time.
The herd gets slaughtered. Without them we don't eat.
How about YOU?
Almost 130 points in 10 trading days!
I call their method voodoo chart reading. They take a formation that works 10 times out of 100 and they run around telling each other, "Head and shoulders! Head and shoulders! The fake rally is over!" As if repeating it enough times will make it come true. I think it just helps the "Casino Traders" feel better because they hate the land of "Not Knowing".
Volume can't tell you direction until after the trade is gone.
Only buying and selling pressure can give you actionable, advance notice.
Buying and selling pressure can't lie.
Volume lies all the time.
The herd gets slaughtered. Without them we don't eat.
How about YOU?
Warning!
Futures Trading Disclaimer: Trading futures and options involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of future results. The risk of loss in trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.
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