Post
Topic
Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
by
sarc
on 15/06/2013, 21:19:12 UTC
Instead of evidence you people really should talk about probabilities or indications instead. Evidence is a way too strong word to use when trying to predict the behaviour of a market.

Evidence can give an indication of what will happen, sometimes with a probability attached.

I think the market is too small for that, too easily influenced/manipulated. TA works better on the FOREX than at this size. Besides, all indicators are _lagging_.



I was making the point that 'evidence' is the right word there.

I take your point about manipulation, it's shockingly effective, but I think people begin to see through it eventually (hence the consistent declines in volume as people get fed up). Surely whales can only feed for so long before the plankton realise that they're losing more and more money and leave.  

I think there is some cultural bias in the meaning of "evidence". Anyway, I understand what you mean.

The problem with the whales is they are really too big & I don't see any whaler...

Don't need a whaler if there's no food supply. I hope.  Smiley