[keymoo]

I love the pit noise. If you see prices advancing with rising pit noise then you know that the market most of the time is moving higher. If prices then retrace on low volume pit noise, then you know there's not much new selling coming in, just profit taking. If pit noise then increases in volume on a move up you know fresh buying is coming in.

I don't use pit noise at all for signals to enter or exit. It's interesting to note what the banks are doing and the top tenners, and also to observe that the banks do sometimes get it wrong. For example on Feb 27th in the morning, the banks accumulated a huge long position over an hour or so and were then forced to sell out when the market crashed in the afternoon - it was quite something to watch (hear, lol).

Some people like pit noise, some hate it, horses for courses, whatever floats your boat. I like it.