Picking Tops and Bottoms Help

[retrace 10]

Hey I need some help from all you traders.

 

I went to a website called wallstreetwebinar

 

They have what looks to be a really good market timing indicator.

 

One of the charts on the site actually shows the indicator and I was hoping that

we as a group could reverse engineer the indicator.

 

The great thing is that the indicator is from Stockcharts.com so it should not be

to hard to figure it out.

 

My only thought at this time is that the indicator is actually following the VIX index

and not the S&P .

 

Any help would be great.

 

Retrace

[khamore1 10]

Hey I need some help from all you traders.

 

I went to a website called wallstreetwebinar

 

They have what looks to be a really good market timing indicator.

 

One of the charts on the site actually shows the indicator and I was hoping that

we as a group could reverse engineer the indicator.

 

The great thing is that the indicator is from Stockcharts.com so it should not be

to hard to figure it out.

 

My only thought at this time is that the indicator is actually following the VIX index

and not the S&P .

 

Any help would be great.

 

Retrace

 

 

You’re asking us too much, we are only traders not engineers

[MightyMouse 12]

Hey I need some help from all you traders.

 

I went to a website called wallstreetwebinar

 

They have what looks to be a really good market timing indicator.

 

One of the charts on the site actually shows the indicator and I was hoping that

we as a group could reverse engineer the indicator.

 

The great thing is that the indicator is from Stockcharts.com so it should not be

to hard to figure it out.

 

My only thought at this time is that the indicator is actually following the VIX index

and not the S&P .

 

Any help would be great.

 

Retrace

 

It wouldn't be for sale if it was worth the time to reverse engineer it.

[Tams 20]

Hey I need some help from all you traders.

 

I went to a website called wallstreetwebinar

 

They have what looks to be a really good market timing indicator.

 

One of the charts on the site actually shows the indicator and I was hoping that

we as a group could reverse engineer the indicator.

 

The great thing is that the indicator is from Stockcharts.com so it should not be

to hard to figure it out.

 

My only thought at this time is that the indicator is actually following the VIX index

and not the S&P .

 

Any help would be great.

 

Retrace

 

if you can pick the top and bottom, you have a unlimited bank machine.

why bother going through all the trouble to set up a website and conduct webinars?

so that you can deal with greedy noobs who are broke and wants everything but do not want to pay for anything? LOL

yes, I am talking about you. yes you... who is a noob and broke and do not have any money and wants everything but do not want to pay for anything by reverse engineer whatever fruits of labor others have to offer.

 

I can tell you, because I have first hand knowledge, when people post a chart, they don't show you everything for free. They would erase some pertinent info, hide some key points, or move data around to confuse you. You would be wasting your time trying to reverse engineer some impossible task.

 

ps. most vendor would cherry pick ONE section of the chart that WORKS, and post it for you to drool on. If you apply the same indicator to one month's worth of data, you might find 10 false signal for every 2 good ones. LOL. but most people would dwell on the good section of the chart and blind to the bad signals... we see what we want to see. Enjoy.

[Obsidian 10]

do not believe any indicators unless you see it in real time. some indicators do re-paint so they look great on historical charts but they are crap when it comes to live trading...

[Marubozu 10]

It could be reversed engineered. But like the comments said, picking a top or a bottom of a market is very difficult and its likely to be a marketing ploy any way.

 

Why so harsh on the new guys, its a fair question.

 

I would suggest lots of study and reading and start to develop your own ideas about the market, price action, etc, you never really trade the market.. you trade your ideas about the market.

[jdevron 10]

Hey I need some help from all you traders.

 

I went to a website called wallstreetwebinar

 

They have what looks to be a really good market timing indicator.

 

One of the charts on the site actually shows the indicator and I was hoping that

we as a group could reverse engineer the indicator.

 

The great thing is that the indicator is from Stockcharts.com so it should not be

to hard to figure it out.

 

My only thought at this time is that the indicator is actually following the VIX index

and not the S&P .

 

Any help would be great.

 

 

Retrace

 

 

 

 

Notice the date on the chart is March 2009, during the one of most volitile times in history, when the market bottomed. This chart is defintely cherry picked. It doesn't show how it is working under current market conditions. I doubt the indicator works well in periods of low volatility. Just wait for the next big crash then try to catch the upside rebound (assuming there will even be one this time round). The timing is so slow it might be useful to an investor but an active trader wont wait years between trades. If I had to guess, I'd say it might be a variation of money flow on a slow time frame. Unless the vendor is willing to show all the history performance prior to a couple months ago I wouldn't spend any more time pondering its effectiveness.

[khamore1 10]

Retrace, where you at? Any news, comment?

 

I hope if you will reverse engineer this indicator you will share it with us, right?

[mishnas 10]

I think the old trading adage "He who picks bottoms ends up with a handful of sh-t" still applies.

[Obsidian 10]

I was told that top pickers and bottom pickers become cotton pickers...I prefer to wait till top or bottom is confirmed. I don't mind making 200 pips instead of 500

[SunTrader 10]

....... would cherry pick ONE section of the chart that WORKS, and post it for you to drool on. If you apply the same indicator to one month's worth of data, you might find 10 false signal for every 2 good ones. LOL. but most people would dwell on the good section of the chart and blind to the bad signals... we see what we want to see.

So true, especially your last line.