TraderGav.com

Gav's trading blog - Perseverance, Consistency, Confidence

Gav

Sudden and unexpected?

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I am not trying to be an expert to give market commentary. Just some observations during my weekend studies. If NYSE TICK was telling me something, here it is.
Ok , hindsight. We had a divergence between NYSE TICK and S&P at 22-Nov-2006 when S&P was making a new high and TICK data did not agree with that. We subsequently had a pull back.And, again, 22-Feb-2007, S&P tried a new high, and this time we had a massive divergence with NYSE TICK again. And the following was just history.

[photopress:SP_Adj_tick02Mar2007III.jpg,full,center]

I have read a couple of reports, most described the sell down as “Sudden”, or “Unexpected”. Uhm.. maybe it is really not so “unexpected”. I don’t know.

I am studying some put call ratio stuffs now. Let’s see if I can find some interesting points. Later.

New Look – A superstitious reason

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Another big change of this site again. I have spent some time to revamp the layout. I do this with a simple and superstitious reason. Green is my lucky colour for the year of PIG.

Yeah, I am superstitious. Most of successful businessmen in Asia do. Why not? 🙂 After all, green is a healthy colour for eyes.

The photo used for banner was taken during my last trip to Malaysia.

Another quote from Michael Marcus

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Over the lunch, my colleague mentioned about conspiracy stories in China stocks market. “The sell down of china market was caused by American!” …LOL..

Anyway, Michael Marcus discussed something on this topic in Market Wizards: Interviews with Top Traders.

 The foolish belief that there is conspiracy in the markets. I have known many of the great traders in the world, and I can say that 99 percent of the time, the market is bigger than anybody and, sooner or later, it goes where it wants to go. There are exceptions, but they don’t last too long.