In search of high R-multiples while keeping losses small.
Kind Words from Terry Laundry, Founder of T Theory
"Parker has sent me what I consider to be the most important refinements to T Theory I have ever received from anyone in an e-mail . . . which he calls Tweaking the 13th Advance Decline T." September 29, 2010
"Parker has sent me a very interesting concept which is the NY Advance Decline line divided by the put-call ratio . . . What he's done is introduce the idea of sentiment." September 15, 2010
"Parker discovered the Money Flow Ts . . . This is something like the Holy Grail in T Theory. You are always looking for something that will help you refine the peak date." October 17, 201 "Money Flow Ts are probably the greatest new thing I have seen in 20 years in terms of time symmetries." December 5, 2010.
Saturday, February 12, 2011
$$ Weekend Update
Terry has posted my portion of the Sunday update at TTheory.com.
I discuss timing clues for the coming correction, as well as the Money Flow T for TLT.
I'm seeing some things (from a different perspective) in the pit and on the charts for a turn nearby as well, add it all up and its a hellofa argument.
1. Gross overvaluations of stocks such as OPEN, NFLX, CMG, and PCLN; see http://seekingalpha.com/article/251724-which-way-wednesday-under-the-big-top .
"We are paying $22Bn and 48 times earnings for a company that does not have a sock puppet, but does have Captain Kirk, whose acting ability has, on occasion, been compared to that of a sock (Priceline.com (PCLN)). What does Priceline do that is so unique that they deserve a p/e ratio 150% higher than Apple (AAPL), who earns in a week three times more than PCLN does in a year? Why they have online travel reservations. Isn’t that BRILLIANT? I mean, who else could possibly do that?"
2. T theory; see http://ttheory.typepad.com/.a/6a00d83455c65c69e20148c85bb515970c-pi .
3. 2 x 666 = 1333.
4. TL from the rising wedge since Aug 2010; see http://3.bp.blogspot.com/-LZknd9yqXwI/TVWIP4r3TPI/AAAAAAAAB2w/7yEkPmX2BVA/s1600/110211-I+SPX+Daily+Rising+Wedge.png .
DOW...........
ReplyDeleteGann time factor in the window now and Bradley astro model is the 17th..........Good trading!
I'm seeing some things (from a different perspective) in the pit and on the charts for a turn nearby as well, add it all up and its a hellofa argument.
ReplyDeleteMy last 3 post are relative.
http://tmacktrading.blogspot.com
i see 4 reasons for a possible reaction in SPX
ReplyDelete1. Gross overvaluations of stocks such as OPEN, NFLX, CMG, and PCLN; see http://seekingalpha.com/article/251724-which-way-wednesday-under-the-big-top .
"We are paying $22Bn and 48 times earnings for a company that does not have a sock puppet, but does have Captain Kirk, whose acting ability has, on occasion, been compared to that of a sock (Priceline.com (PCLN)). What does Priceline do that is so unique that they deserve a p/e ratio 150% higher than Apple (AAPL), who earns in a week three times more than PCLN does in a year? Why they have online travel reservations. Isn’t that BRILLIANT? I mean, who else could possibly do that?"
2. T theory; see http://ttheory.typepad.com/.a/6a00d83455c65c69e20148c85bb515970c-pi .
3. 2 x 666 = 1333.
4. TL from the rising wedge since Aug 2010; see http://3.bp.blogspot.com/-LZknd9yqXwI/TVWIP4r3TPI/AAAAAAAAB2w/7yEkPmX2BVA/s1600/110211-I+SPX+Daily+Rising+Wedge.png .
Good comments, all.
ReplyDeleteTim
Interesting about the Goldman selling. Thanks.
ES H1...................
ReplyDeleteWatching 1333 to 1341.5 in the ES for the failkure and reversal..........Good trading!
Any failure of 1333 is very important to lean on in the ES H1 .............buying SDS now and shorting the ES!
ReplyDeleteParker,
ReplyDeleteBased on your MFI, are you expecting a pullback withing a day or two...or at the end of next week on the S&P.
Seems some are calling for a top today or tomorrow, and others late next week. Although quite a few are calling for a low on Feb. 28.
What do you see in your timing studies. Thanks
Hi Fred
ReplyDeleteMy interpretation is the top could come today or tomorrow, or we could start a topping pattern that drags into next week.
As Terry mentioned, it stems from the decision of where to start the Money Flow T: mid-November or late November.