I like your washing machine analogy; rinse and repeat...Do you get the intent after the washing or by figuring out that the High was indeed (precisely) the end of the move up?
How I decide on when the top or bottom has been formed is my own analysis, based on math.
BW I'm convinced knows ahead of time the top or bottoms, I don't.
Looking at Fundamentals to decide the top/bottom or direction has zero influence.
The illusion of combining news, fundamentals with supply and demand allows the Algo to Jaywalk around the chart giving the impression of a real market.
They can't just move price target to target otherwise people will start to figure this shit out so they use a smokescreen...Fundies.
Something else to think about and this is the big one.
Again just my own conspiracy theory.
Volume, why don't they show us volume.
The time honoured reason is that its decentralised, bullshit, if they show us volume then we would know when money is being fed into the market and it might change market direction.
What would we do with that knowledge. Think about it.
Well they did think about it.
But not in the way you or GEFx might consider it. Rick half suggested this but stopped short.
The reason we don't see volume is because volume does not move the market. It doesn't exist. Not in the way we naturally think.
The Algo is the market. If we saw volume entering the market then they may not be able to hide the real intention of the market.
Now that's going to ruffle a few old birds.
And yes, I'm deluded. But once again, Occams Razor.
but that is poor me.
I do read yours too!!! Be careful
