Stock market collapse in November

[SantaClaus]

Well its only the 2nd November and we are already on post no. 81!

[sasguru]

I can tell you that there are many events that occur on price charts which have a greater than 50% chance of occurring:

• Bounces off pivot points
• Bounces off support/resistance
• Bounces of fibonacci retracements (the GBPUSD and euro$ like the 50%)
• Price reaching fibonacci extensions
• Price action patterns playing out, such as pinbars.
• Round number bounces

But the real edge is when you put some of these things together in confluence.

Unfortunately to really prove this, you will have to sit in front of a chart every day like I do. Think of it as the equivalent of putting in flying time to receive a Pilot's license.

OK I can see how that would work - that's the kind of (tentative) theory to disprove my random hypothesis idea that I was looking for.
If only you'd said so at the start.

[SantaClaus]

I think I 'get it',

your CUK name is a bit of a giveaway.
you need a big sack, and only come once a year

Well, what I've posted here IS a christmas present, if you use it right.
Thats it from me, too busy now.

[sasguru]

This thread will never reach 1000 posts, or will it? I might need to call up my fembots

No it won't because you're a junior poster.

[AlfredJPruffock]

I have and Fermat, de Moivre etc. etc. and all the other titans of probability

If thats true - which is probably the case - then good for you SG.

Revel in your Time

Altough ....Never Trust -


A Nun
A Gambler
A Time Traveler

[sasguru]

If thats true - then good for you SG.

Revel in your Time

In typical fashion it was mainly the Frenchies that came up with mathematically quantifying chance (probability), but actually the English who put it to use in practical stats (Pearson, Fisher et..al)

[AtW]

In typical fashion it was mainly the Frenchies that came up with mathematically quantifying chance (probability), but actually the English who put it to use in practical stats (Pearson, Fisher et..al)

Overpaid traders in the City.

--------

They put it to practice and they failed utterly...

[ThomasSoerensen]

I think I 'get it',

your CUK name is a bit of a giveaway.
you need a big sack, and only come once a year

do you think there is causality between him oncy coming once a year and him having a big sack?

[sasguru]

Overpaid traders in the City.

--------

They put it to practice and they failed utterly...

As I've observed before, you really are very poorly educated.

[sasguru]

As I've observed before, you really are very poorly educated.

http://en.wikipedia.org/wiki/Karl_Pearson
http://en.wikipedia.org/wiki/Ronald_Fisher

HTH