04/12/2012 Live Update

[Cobra]

Cobra, does today have the volume to be a MA day?

whether it's MAD or MDD, you can check here: http://stockcharts.com/public/1684859/c ... /134696784;

See that yellow plus black bars? black reading at 9 means MAD. Right now, close, but not yet. 8.15 is still < 9, isn't it?

[SWalsh]

Probably you know this but reading your post reminded me:

a-traders-mind.jpg

I swear I have never seen that. It's great. But I have probably seen 1000 active traders over the years and probably 200 "investors" at parties talking, and it's just what I have observed. The brains they think they have and how "easy" it is has been what I remember with the gloating. Then in a year or two I've, on occasion, asked someone to go and ask the guy, "Hey, I don't follow the market....how's that stock you were talking about doing?". I've only done it to people, or in particular brokers, who drive you crazy about how easy it is and they try to talk everyone into buying and will say, "Okay...but remember I told you guys". It happened a lot at a golf club I used to belong to.

I got told last month by a guy who owns a small luncheonette that sells chicken (damn good too) that he and his brother had calculated 11,900 was the lowest the Dow could possibly go. I had to ask how he got that number and he told me he'd need a pen and paper and it would take too long to explain...Uh...yeah....LOL

[Cobra]

well, guess that's it for today. a huge up day today, so rarely a huge down day tomorrow, most likely a small range day with a little bearish bias because tomorrow is the bearish Friday. thank you guys, I'll see you tomorrow.

[brandyjoco]

What does MAD mean?

[SB73]

NYMO indicator works again

[Cobra]

What does MAD mean?

Major accumulation day. NYUPV:NYDNV >= 9 is MAD. NYDNV:NYUPV >= 9 is MDD (Major Distribution Day).

[traderessentials]

What does MAD mean?

Massive Accumulation Day

[jarbo456]

charted the same thing. also can see a smaller pennant within the larger triangle. i bought GLD at 158. may sell if we hit the upper trend line of the triangle and hold a piece in case we break out above it. otherwise i'll add another piece on another test of the lower trend line.

[brandyjoco]

Thanks for explaining MAD. It looks like it may have just topped 10.

[SWalsh]

NYMO indicator works again

Have you got a chart showing trade points with that? I ask as in and of itself, I found that to be a net loser. Maybe I programmed it wrong.