Comments
Transcript
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CSAs an almost purely technical trader, I am nevertheless very interested in all things macro. IMO, when macro-trader Tom Thornton waxes about the DeMark Indicators, it suggests to me that Thornton has very limited technical insight, as the best ideas and methods are almost certainly not sold as a vendor package, even to a limited customer set, and are almost always arrived at singularly by lone individual traders, or are disclosed f2f, e.g. from one family member to another. Perhaps Thornton does have a truly superior model. We'll never know, as he would have no reason to disclose it here. In any case, the I think the RV audience should not presume that DeMark indicators are any kind of magic, in fact years ago a very experienced trader told me that his exhaustive backtesting of them found them severely wanting -- one more reason to conjecture that Thornton may have his own secret sauce that makes them palatable.
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RYExcellent .... Thank you both!
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TMMore Tom please!
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JNNever trust a moving monkey average...
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MCToday's CNBC Fast Money 10/21 had a segment on bitcoin. IMHO that's a sign of a ST top...kinda like when Buffett/BRK bought some Barrick Gold.
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MDNice job Haley!
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AGCurious where Tom saw a Demark 13 for BTC. Because I'm not seeing a Demark 13 on any time frame or any exchange or any instrument. I've checked Coinbase, Bitmex, Kraken, CME futures, GBTC, and I've checked daily, weekly, monthly charts.
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DMHave Tom back more often, he always has excellent insights and I look forward to hearing what he has to say every time. Thanks for coming on Tom, and thanks RV for bringing him on!
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MMWhere's my man TG? It's Tuesday.
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MMTom Thank you for discussing your ETF data technique. Your technique to rank ETFs and ultimately their holdings is extremely helpful. Gave me some ideas to add to my models. Obviously your data sets and detailed models are more involved then just weighing 50ma.. I would assume thats just the starting point a more detailed and cohesive model. Regardless your technique gave me an idea on how I will incorporate ETF data in my own models. . I also appreciate your deep dive into politics last time you were on RV. I know investors get blow back whenever they state a position or simple discuss potential outcomes. After years in this business its important for there to be intricate political data in ones models. A model which does not take in to account multiple political probability outcomes is a model operating blind.
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CAhe's talking Elliott Wave, ma man
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DGPlease more of this on RV! It doesn't necessarily need to be on DB, because I like hearing Ed and Raoul's take on the big picture. However, RV seems big long term fund manager heavy to me, and I enjoy hearing from shorter term traders as well. I especially like when Ash presses them, not only for their opinion on the market, but also for how they execute, and analyze technical data. For the reason above, I most look forward to DB on Tuesday, and Thursday. Can Tony, Roger, or Thomas join us for a Q&A from the viewers someday? That would be Awesome!!!!! Maybe RV can set up a paid trader mentorship with Tony. No picks, just and a camera and a hot mic, so we can sit next to him from our homes, and watch and learn how he does work. Thanks.
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JvAlways great to hear an update from you Thomas, thanks a lot for sharing your insights!!
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MSGreat episode really enjoyed hearing how Tom thinking about things, but more importantly trading this environment. I love it when RVDB focuses on short term trading (strategies, opportunities, various thesis, etc). Seems to me what this segment should primarily concentrate on. More traders with in depth analysis of their strategies and how they are implementing in this moment is just gold. Wow, we are very lucky to have RV, very grateful for all the content 🙏
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MDGreat - thanks Ash and Tom. Enjoyed the talk on shorting (get Goldman to make a market!) - and the DMark (? spelling) talk on BTC. I am the same - lower prices are a good entry point. Tom is always great, thanks for having him back!
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JPI use DeMark indicators and am always interested in approaches for how they are used. They are pure psychological indicators, which is why they work well with bitcoin. The key difficulty lies in judging the length of the reversal, while a TD 9 sell could be a long term reversal lasting months, it could also be only a 1-4 period correction in a trend.
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JPI use DeMark indicators and am always interested in approaches for how they are used. They are pure psychological indicators, which is why they work well with bitcoin. The key difficulty lies in judging the length of the reversal, while a TD 9 sell could be a long term reversal lasting months, it could also be only a 1-4 period correction in a trend.
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JVVery good - liked his technical analysis and his sharing of price targets.
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JA"hold your nose and go long" Seriously I am just not built that way haha. I grew up with this weird notion that you invest in something that works without the help of the government or twitter pumps from the President. Crazy, I know. Appreciate the viewpoint, it still confirms my feeling that everyone who is long in 2020 believes they can get out of the burning house before everyone else. Don't know who, but someone who is an expert and does this for a living is going to get carried out again and have to get a real job before this is all over. Currently looking at Softbank to take the gold medal in that contest. The only thing that I think has potential at some point is Oil, but only because it has been killed by the COVID shock and no amount of stimulus is going to create more demand or more storage, thus its fall is actually rational. But at some point, it should at least stabilize in 2021. I just don't want to own it now while markets are all sitting on their hands waiting for more stimulus - just waiting to throw a temper tantrum if someone tells them "no more".
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KTVery much enjoyed. Have more guests with shorter time frames on.
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LTI really liked listening to how Tom looks at charts, time frames, and thinks about risk in the market. Thanks Ash for the good questions.
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DWTom is great and sneaky funny!
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PBWay to too ST and noisy for me
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JKA like the new face on the db. It’s a nice change of pace. I also liked how he was willing to give out his price targets on his indicators. Not afraid of some egg on his face if he’s wrong. It doesn’t event really matter if he is but I admire the confidence
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CBGreat video.
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GBAround 12:10 I think we heard some gas passed lmaooo
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TMNice work, Tom!