Does not resonate: example 1
Just saw the tweet and response below and these are examples of concepts which may work for others (of course I have no idea how successful others are and I’d never slam whatever might work - there are tons of ways to profit in the market) but which do not resonate with me. I want answers, not clues, and the answers must be able to be systematically derived in all market environments without bias, emotions, feelings, interpretation, judgment, or opinion.
Original Tweet
<<Details I look for in a stock chart
- Volatility contractions over many of weeks
- Volume dry ups in a consolidation
- Tight trading ranges over many of days
- Number of down vs up days
- Failed breakouts
- Shakeouts
They give you clues about accumulation / distribution>>
A Response to the Original Tweet
<<Absolutely, those are key details to consider when analyzing stock charts. They offer valuable insights into market behavior and potential trends. Observing these patterns helps in identifying accumulation or distribution phases, guiding more informed trading decisions.>>
My Further Thoughts
It’s impossible to know if these fine folks have systematized these concepts. That is the key part to me: being systematic and objective. Deploying a process that applies in all market environments.
And - also critical - is simple. In a vacuum, reading solely the tweet and the response quoted above, there is a lot of complicated work that doesn’t seem to lend itself to simplicity and objectivity.
Whether this is the case or not, the Stock Market Organizer underlying concepts and process DO lend themselves to simplicity and objectivity.