[Tams]

Originally Posted by Tams »

all common oscillators are doomed to fail

unless the indicator can dynamically change its tempo to match the market's temperament.

Originally Posted by HI_THERE »

I disagree STRONGLY. The beta weighting of many stocks precludes ANY care whatsoever about what the general market is doing. Furthermore, cash infusion drives the best performers...and that is often fueled by emotions (not just fear--on the short side--but also greed--on the long side).

A price oscillator that is tied to market sentiment is only relevant for index-based securities and ETFs.

can you post a chart example ?

[HI_THERE]

A chart of what? A cursory look at any of the markets--on any given day--will yield numerous stocks that outperform that market...even during this last week of extreme distribution. And guess what? A "price" oscillator would have reflected that change in "price."

[Tams]

that's a very intelligent analysis.

[Kiwi]

and you'd have to agree that this thread has been a premiere example of intelligent analysis.

or not.



One of the few things I really hate about Traders Laboratory is that when you add a worthless post to a worthless thread ... you can't delete the sodding thing. Happy Wednesday everyone!

[HI_THERE]

Originally Posted by Kiwi »

and you'd have to agree that this thread has been a premiere example of intelligent analysis.

or not.



One of the few things I really hate about Traders Laboratory is that when you add a worthless post to a worthless thread ... you can't delete the sodding thing. Happy Wednesday everyone!

Not sure if I understand that one. I don't think the thread itself is worthless. That demeans the original poster and he is merely trying to increase his knowledge. I, for one, understand how price oscillators are an important component for intraday trading, and I have the portfolio to prove it.

[sevensa]

Originally Posted by HI_THERE »

A chart of what? A cursory look at any of the markets--on any given day--will yield numerous stocks that outperform that market...even during this last week of extreme distribution. And guess what? A "price" oscillator would have reflected that change in "price."

So, your oscillator tells you at the end of the day that a stock outperformed the market for that day? Sounds very helpful...

[HI_THERE]

No, you misunderstand. One: no single indicator does everything. Two: The price oscillator is not for EOD analysis. However, during market hours it can definitely help you identify strong stocks, and then you look at further characteristics from there. The whole point of my original statement--as solidified--is that price oscillation of individual securities is not necessarily tied to the overall markets.

[sevensa]

Originally Posted by HI_THERE »

No, you misunderstand. One: no single indicator does everything. Two: The price oscillator is not for EOD analysis. However, during market hours it can definitely help you identify strong stocks, and then you look at further characteristics from there. The whole point of my original statement--as solidified--is that price oscillation of individual securities is not necessarily tied to the overall markets.

So, all you are saying that when the market goes down, that some stocks will still go up? That's your whole point ? That is kind of obvious and common sense, isn't it? I don't think anyone expect 100% of the stocks to follow the market every day, but this is commone sense that most follow the market, since they ARE the market and this is the path of least resistance.

I think I understand Kiwi's post now...