SIRI Monthly Thread October 2015 (with NFL Chat)

[midas360]

So I was right then? I mean you were the one asking the original question. I was pointing out facts. What was it about my post that was wrong? Sorry if I made a mistake?

Wrong answer to the scenario presented. The chart in question is the daily High/Low chart which, based on the rules should have started a column of "Os" at 3.99 down to and including 3.84 on the price legend, indicating the range and direction of price movement during the day. Rule states that if the price changes three or more blocks in the opposite direction then the symbol in this case changes from an "X" to an "O", and begins the downward column to the right side of the column of X's............ It's hard to explain to anyone who has not studied P&F charting, but if not mistaken, that's the way it goes....... I hope Denco can either agree with me or show me where I'm wrong.

SIRI opened at $3.97 today but closed at the same price of yesterday's close of $3.96. No change in price from yesterday's and today's close.

Denco, can you help me see the light in this scenario. As I look at today's High/Low P&F where I see the high reached 4.0 and the low 3.95, why then did not the chart represent the 3+ point reversal which should have resulted in a shift to the right with a column of Ohs from 3.98 down to and including 3.95? For some reason, I'm not seeing that, as illustrated below:

[siriusly_invested]

Aw Geez Denco, and just when I thought I had it figured it out, you had to say. "just a guess". Now I'm really confused. I have the Dorsey book in hand, so I think I'll consider your explanation and see if I can confirm what you said by reviewing if or what Dorsey has to say in this case....... Thanks.

Denco, I don't have a clear understanding yet, but here is a starting point of where I hope to find the answers to our High/Low discussion. I've not looked yet to see if this is what you were trying to say; take a look and see if it makes sense to you:

High-Low Method

There are two pricing methods available: the High-Low Method and the Close Method. Each method only uses one price point. Obviously, the Close Method uses the closing price only. The High-Low Method uses the high or the low, but not both. Sometimes both are ignored. Here are the rules for the High-Low method.
When the current column is an X-Column (rising):
◾ Use the high when another X can be drawn and then ignore the low.
◾ Use the low when another X cannot be drawn and the low triggers a 3-box reversal.
◾ Ignore both when the high does not warrant another X and the low does not trigger a 3-box reversal.

When the current column is an O-Column (falling):
◾ Use the low when another O can be drawn and then ignore the high.
◾ Use the high when another O cannot be drawn and the high triggers a 3-box reversal.
◾ Ignore both when the low does not warrant another O and the high does not trigger a 3-box reversal.

Now I must admit that once I think I understand all this, I'm not too sure I'll know what to do with it.

[dm_4]

So I was right then? I mean you were the one asking the original question. I was pointing out facts. What was it about my post that was wrong? Sorry if I made a mistake?

Hey dough boy....zip it, im trying to learn something from these guys. They don't have time for your whiny little ass right now.

[dm_4]

spot on!

[midas360]

Today was kind of disappointing... nothing like running into that $4 wall and SELLING OFF BIG TIME. Ugh! Take your money and run. EASY PEASY!

GOING TO RELOAD NEXT WEEK!!!!! YEEHAW!


EDIT: I was thinking about doubling my bet going into earnings. Maybe 70K shares. Who knows... lot to think about before Monday.

EDIT 2: Someone emailed me saying "dm_4" went to rehab last week. They said he posted it in the forum. Is that true? I hope he's doing well. If any of you talk to him let him know. Thanks!

DM is a big fat pudge douchebag.

[dm_4]

Pretty cool...maybe a little time consuming but not a bad little hobby.

[denco1]

Denco, I don't have a clear understanding yet, but here is a starting point of where I hope to find the answers to our High/Low discussion. I've not looked yet to see if this is what you were trying to say; take a look and see if it makes sense to you:

High-Low Method

There are two pricing methods available: the High-Low Method and the Close Method. Each method only uses one price point. Obviously, the Close Method uses the closing price only. The High-Low Method uses the high or the low, but not both. Sometimes both are ignored. Here are the rules for the High-Low method.
When the current column is an X-Column (rising):
◾ Use the high when another X can be drawn and then ignore the low.
◾ Use the low when another X cannot be drawn and the low triggers a 3-box reversal.
◾ Ignore both when the high does not warrant another X and the low does not trigger a 3-box reversal. When the current column is an O-Column (falling):
◾ Use the low when another O can be drawn and then ignore the high.
◾ Use the high when another O cannot be drawn and the high triggers a 3-box reversal.
◾ Ignore both when the low does not warrant another O and the high does not trigger a 3-box reversal.

Now I must admit that once I think I understand all this, I'm not too sure I'll know what to do with it.

Yes, BINGO Sly. This is what I was trying to say in many more words.....have a great weekend ALL!!


EDIT: Thanks for the confirmation SLY

[dm_4]

This is the real way to settle things....man i love the old country and their customs.

[njbones1]

Now I get it

[dm_4]

Well at least he didn't get arrested SN

Johnny Manziel pulled over after domestic argument, alcohol involved


http://sports.yahoo.com/blogs/nfl-sh...224437209.html