Thread: Your Replies to Greg's Market Blog

greg wrote:

Talk me about how smart you think I am

Well, you sure don't speak very well..............someone else had that problem. Hmmmmmm, what was his name...................

it would be much easier to reply to your comments if your comments were in this comment section as opposed to being in the no comment section of this comment thread where the natural response is to reply w/a comment to the comment posted.:P thinkabout it-

Greg, maybe you are confused about what a blog is?

This is a forum site, with an option to post your IFT's as a specific account. Forums are by nature a discussion arena. If you are using the term "Blog" in place of "account", you understand the confusion, don't you?

I suggest that if you want to establish a web log (blog), you should consider using one of the fine services available.Google "blog hosting" and you will find many options available. You couldthen allow for a forum to discuss your postings.

Or, you can do as others and establish an account to post your TIMELY IFT's, and also an account to discuss these IFT's. However, if you fail to post your IFT's credibly, you should expect to be challenged. I am sure if you are familiar with MT, Dr. Dubious, Pat111,Technician, etc, (I may have missed some, hard to keep track) you have noticed that there is little tolerance for post game quarterbacking.

greg -
I noticed your "smart money" comments in your other forum. For the record, the smart money index that some folks use takes the first half hour of trading as the "dumb money" and the lasthour of trading as the "smart money". They actually do some calculation with those figures and plot it on a chart and call it the smart money index. It is not just the traders that are doing what you are doing that makes them smart money,although I'd like to believe that myself sometimes.

The Smart Money Index is based on the idea that emotional, news-driven investors tend to trade during the first half-hour of trading, while the more rational, professional investors tend to trade during the final hour after evaluating the day’s action in the markets. The Index is calculated by subtracting the change in the Dow-Jones Industrial Average during the first half-hour of trading from the change during the final hour, and then cumulating. For example, if the DJIA were to rise 100 points in the first half-hour and decline 50 points in the final hour, there would be a net change of –150 points in the Smart Money Index for that day, and this would be subtracted from the cumulative value of the Index. Among sentiment indicators, this Index is unusual in that it combines the actions of the “dumb money� (as a negative contribution) and the “smart money� (as a positive contribution), with the two classes identified by the time of day that their trades are recorded. Additional insights can also be gleaned from the individual behaviors of the “dumb money� and the “smart money� relative to the combined Index. This can provide shorter-term stock market signals.

Markets all surged up at the end on Fri. Hopefully this bodes well for Monday.