a view from the 15th floor

imagine you are standing on the 15th floor
of a skyscapper
in the heart of the city.

you are standing in the balcony
with a cup of coffee in you hand
looking at everything below.

you see a few people going from right to left.
and then you see one man going from left to right.
nothing special about it.
then you see 12 more going from right to left.
followed by 27, again going from right to left.
gradually the number increases
groups of 50, 65, 47 move like a swamp of bees
from right to left.
gradually the number starts dropping
29,17,9,7,4,2....

you keep standing there.
perplexed!

you call your friend
whom you are visiting
and whose flat it is
and share what you just saw.

he laughs
and tells you
that the 11am movie show has just started
that gaussian wave of people was nothing
but the flow of audience for the show!

"when the show will be over
you will see all of them returning in the reverse direction
but not in the same increasing-peaking-decreasing fashion
but big rush initially followed by a tail of laggards.
end of a rally is faster than the start of the rally!"
your trader friend tells you.

"o i see!" you say.

next morning you are standing in the gallery again
but at 9am.

suddenly you see a group of over 200 people
running from right to left!

you rush inside
drag your friend out
and ask
"has the movie show advanced?
or is this mad rush for the "dirty picture"?

"no, no! something is wrong
movie show is 2 hours away
and i heard that it is all sold out!"

both of you wait
and then you know the cause
when you hear the sirens of firebrigade trucks
rushing from right to left.

you keep standing for an hour
and notice the fire trucks returning after dousing the fire
followed by the same group of 200 idle onlookers
returning from left to right.

your trader friend smiles
and says

"a panic sell-off or hoax rallies happen and end like that only!"

--

you return home the next day
and resume your trading
without indicators....

just watching the number of people going right to left
and left to right
and the speed and size of the group.

for a change
you stop losing money
and make 3 consistent profitable trades
first time in 2 years!









(niftyshots.blogspot.com)