weekend lounge short term trading 6 -8th dec, page-29

morning all, hi bonehead


"I have been mucking around with an excel spreadsheet over the last month trying to get an overview of the market."


Do you mind expanding a bit on this please?


I am interested to see what you are trying to achieve that can't be done with fairly normal sector analysis.

I understand you might get a more detailed picture than one would get by just using normal TA on a sector by sector basis and then using an overall index -- but, you do say trying to get an overview.

And, we are in a short term trading forum here. Can you confirm that what your are doing is strictly related to ST?


I had been recently thinking about ST and DT (day trade) trading levels lately --
ie. how heated or cool those short term markets and traders are.

It seems pretty clear (at least I think) that when markets are hot - there is a lot more opportunities and also there is probably a lot more momentum around in particular trades -- I am assuming (dangerous I know, but I think it is a safe bet).

To that end, I was thinking about how to capture and graph data that reflected that -------

like you "trying to get an overview of the market" - but in my case - NOT the stocks or even necessarily sectors -

but the PUNTERS ------- those who drive the vol and price.

Of course it would reflect in the sectors - and I would want to look at those as well.

I am open to any ideas on this -- I was in fact thinking of how to use HC postings and the like - it seems like a good resource.

have a great day ----- below is what in my past made me think of this stuff - only read if bored.

Pinto



For years I have noticed unexplained patterns in business and trade - not all patterns are unexplainable (xmas, long weekends etc.) -- the explainable are easy -- but the unexplainable are not only a mystery - but often massive.

Eg. Ask say a real estate agent - you will find that in a quiet office all of a sudden one day and maybe only one morning every bugger in the world descends - and then you just go back to normal - no noticeable reason.

One can probably call it synchronisity - something we all know happens, but we don't know why.

Almost every business experiences this.


I used to trade second hand goods in Perth WA. Those were the days when you bought the sunday paper at 6PM on Saturday night.

Anyone who traded or wanted anything secondhand - lined up to buy the paper and then went driving like mad to get what they wanted asap, before the rest of the world read the ads..

Now, normally the little selling office at the newspaper was full of people and the queue went out the door for about 20 or so people.

BUT, every now and then the queue went along the street around the corner and was hundreds of people long -------

and, you couldn't work out why? - Not a long weekend, not different weather, not xmas - nothing - just a bog standard saturday ------------ god knows why.


When I started looking at the DT thread ---------- it felt the same.

Periods of ' normal' activity - days that were as dead as doornails - but then periods of extreme intense activity.

I thought it might be very valuable to be able to graph these periods.

If one could graph them - one might indeed be able to perform TA on those graphs - and might see periods of hectic activity coming.

This data may well LEAD price/vol/sector movement - (it may not also).

I am assuming these hectic periods would be potentially far more profitable than when things are normal or quiet.

In the newspaper ads - it was far more profitable - assuming you could buy things - because in those hectic times - you sure could sell anything - basically the phones just didn't stop. People bought anything - and if someone didn't want to pay the price - then there were 10 lined up behind them who would.

I suspect it is exactly the same with stocks.

So, that is why I am interested.


have a great morning all

Pinto