I'd like to share my understanding of how and why Technical Analysis works. It's a comingled effect of my training as a scientist, business executive and musician. So, yes, it's a perspective through my set of unique lenses and just perhaps, our lenses could have some "phasic" overlaps.
The basic tenet of Technical Analysis is that sentiment drives all price actions. Simply put, price is a reflection of sentiment. This sentiment is an aspect of duality composed of Fear & Greed. These are opposites of each other and each alone can not be in this world. Both move in waves or cycles and all according to the Fibonacci Golden ratio. Nature's biology to the spirals of the galaxies and even the helix turns of our DNA strands abide by this Golden Ratio. Sentiment is no exception as its ebs and flows occur according to Fibbonacci sequence.
We are all familiar with Einstein's special theory of relativity or the below equation which states that mass and energy are the same. It is the energy mass equivalence principle.
[IMAGE: https://steemitimages.com/DQmNw96XCxgomTSvXbBr8xdTaRaP2Maq3S9ZhLTcpwAFdd5/image.png]
To me, this equation embodies sentiment. Allow me to explain. In the equation, C2 is speed of light that posseses the photoelectric effect, and the basis of all life begins with light and this is undeniable. Plants converting light into energy using water and CO2 is an actual application of Einstein's equation. This way, energy contained in light can be converted to mass, in other words transferred. This is also why water, light and magnetism are essential for a planet to harbor life. Mars has light and water...but it's dead in magnetism and thus will never harbor life.
Having said the above, sentiment is an expression of energy that is chemically conferred. All biologic material absorbs specific light frequencies. The amino acids have an aromatic molecular ring that are designed to absorb uv light of a specific frequency. What happens when your skin absorbs sun light? It gets warm. There is no difference at the molecular and atomic scales, when light is absorbed, energy is gained. This is called the photoelectric effect for which Einstein was awarded the Nobel Prize. This is why AM sunlight contains more UV-a light and has significant impact on your hormone homeostasis while PM sunlight is more rich in UV-b which activates your vitamin D synthesis as well as sulfates cholesterol. Water is the most dielectric molecule and thus essential for life and broadly absorbs light frequencies to attain the third state of water called the Exclusion Zone (EZ). This EZ coherent structures allow water to have semindocutor like properties that surrounds every protein in our bodies. When water takes on EZ structure, it has a plasma crystal feature and acts similar to a semiconductor which is paramount to enable interaction with photoelectric effects and magnetism. A bit complex and your head could hurt with all the quantum physics. By the way, getting a good dose of AM and PM sunlight is critical to good health. Sunlight in your eyes and skin..no sunscreen needed.
When hormones absorb light, it is a quantum event. The gain of energy in a living being in effect reduces entropy. If entropy is allowed to go to equilibrium, then you have a dead body, a non-living mass. So, thoughts and feelings are quantum events. To me, this means that sentiment has to follow the laws of E=MC2.
I had earlier indicated that sentiment is another form of conferring energy. For me, the bottom line is that not much can come before sentiment except thought and before that is Perfect Thought. There is a famous saying in the Plato's Republic Essay: "what are words but symbols of symbols; hence twice removed from reality." You might also be familiar with Plato's Allegory of the Cave which too has the same rationale.
So, thought is expressed as sentiment, a form of conferred chemical energy, which is reflected and expressed in duality: Fear and Greed. For cryptos, such expression is seen in its price actions. This is also why measuring price movements can't be perfect as all techniques are twice removed from "Reality". This is why Elliott Waves need updates and edits with new price action data as it only measures the reflection of sentiment.
It's important to remember that no Technical Indicator is less than "Twice Removed" from reading sentiment. The only object that can be "once removed" is called a Crystal Ball and unfortunately no living being possesses that. This is why experience is so vital to enhancing the accuracy of TA. More specifically, failure experiences. I'm a firm believer that failures teach better than successes. A novice pianist will always be poor compared to a seasoned pianist. A novice in Technical Analysis will always be poor compared to a seasoned Technical Analyst.
I humbly state the following: As a Technical Analyst, I thought I was pretty good after five years and really good after 10 years. Now, after 15 years, I've realized that I'm still improving.
Check with your doctor immediately if any of the following side effects occur while taking VIAGRA:
Less Common:
bladder pain
burning feeling in the chest or stomach
burning, crawling, itching, numbness, prickling, "pins and needles", or tingling feelings
cloudy or bloody urine
dizziness
increased frequency of urination
indigestion
pain on urination
stomach upset
tenderness in the stomach area
Rare:
abnormal vision
anxiety
behavior change similar to drunkenness
bleeding of the eye
blurred vision
bone pain
breast enlargement
chest pain
chills
cold sweats
confusion
convulsions (seizures)
cool and pale skin
deafness or hearing loss
decrease in amount of urine or the frequency of urination
decreased vision
difficulty in concentrating
dizziness or lightheadedness, especially when getting up suddenly from a lying or sitting position
double vision
drowsiness
dry eyes
dry mouth
dryness, redness, scaling, or peeling of the skin
excessive hunger
eye pain
fainting or faintness
fast, irregular, or pounding heartbeat
feeling of something in the eye
fever or chills
headache (severe or continuing)
increase in the size of the pupil
increased sweating
increased thirst
lower back or side pain
migraine headache
nausea (severe or continuing)
nervousness
nightmares
numbness of the hands
painful, swollen joints
prolonged, painful erection of penis
redness, burning, or swelling of the eyes
redness, itching, or tearing of the eyes
restless sleep
seeing shades of colors differently than before
sensitivity to light
shakiness
skin lesions with swelling
skin paleness
skin rash, hives, or itching
skin ulcers
slurred speech
sore throat
sudden weakness
swelling of the face, hands, feet, or lower legs
trouble breathing
twitching of the muscles
unusual feeling of burning or stinging of the skin
unusual tiredness or weakness
vision changes
vision loss, temporary
Incidence not known
Blindness
Some side effects of viagra may occur that usually do not need medical attention. These side effects may go away during treatment as your body adjusts to the medicine. Also, your health care professional may be able to tell you about ways to prevent or reduce some of these side effects. Check with your health care professional if any of the following side effects continue or are bothersome or if you have any questions about them:
More Common:
aches or pains in the muscles
bloody nose
diarrhea
difficult or labored breathing
flushing
headache
pain or tenderness around the eyes and cheekbones
redness of the skin
sneezing
stomach discomfort following meals
stuffy or runny nose
trouble sleeping
unusually warm skin
Rare:
Abdominal or stomach pain
abnormal dreams
anxiety
clumsiness or unsteadiness
cough
diarrhea or stomach cramps (severe or continuing)
difficulty in swallowing
ear pain
increased amount of saliva
increased skin sensitivity
lack of coordination
loss of bladder control
mental depression
nausea
numbness or tingling of the hands, legs, or feet
rectal bleeding
redness or irritation of the tongue
redness, soreness, swelling, or bleeding of the gums
ringing or buzzing in the ears
sensation of motion, usually whirling, either of one's self or of one's surroundings
sexual problems in men (continuing), including failure to experience a sexual orgasm
sleepiness
sores in the mouth and on the lips
tense muscles
trembling and shaking
vomiting
waking to urinate at night
worsening of asthma
Check with your doctor immediately if any of the following side effects occur while taking VIAGRA:
Less Common:
bladder pain
burning feeling in the chest or stomach
burning, crawling, itching, numbness, prickling, "pins and needles", or tingling feelings
cloudy or bloody urine
dizziness
increased frequency of urination
indigestion
pain on urination
stomach upset
tenderness in the stomach area
Rare:
abnormal vision
anxiety
behavior change similar to drunkenness
bleeding of the eye
blurred vision
bone pain
breast enlargement
chest pain
chills
cold sweats
confusion
convulsions (seizures)
cool and pale skin
deafness or hearing loss
decrease in amount of urine or the frequency of urination
decreased vision
difficulty in concentrating
dizziness or lightheadedness, especially when getting up suddenly from a lying or sitting position
double vision
drowsiness
dry eyes
dry mouth
dryness, redness, scaling, or peeling of the skin
excessive hunger
eye pain
fainting or faintness
fast, irregular, or pounding heartbeat
feeling of something in the eye
fever or chills
headache (severe or continuing)
increase in the size of the pupil
increased sweating
increased thirst
lower back or side pain
migraine headache
nausea (severe or continuing)
nervousness
nightmares
numbness of the hands
painful, swollen joints
prolonged, painful erection of penis
redness, burning, or swelling of the eyes
redness, itching, or tearing of the eyes
restless sleep
seeing shades of colors differently than before
sensitivity to light
shakiness
skin lesions with swelling
skin paleness
skin rash, hives, or itching
skin ulcers
slurred speech
sore throat
sudden weakness
swelling of the face, hands, feet, or lower legs
trouble breathing
twitching of the muscles
unusual feeling of burning or stinging of the skin
unusual tiredness or weakness
vision changes
vision loss, temporary
Incidence not known
Blindness
Some side effects of viagra may occur that usually do not need medical attention. These side effects may go away during treatment as your body adjusts to the medicine. Also, your health care professional may be able to tell you about ways to prevent or reduce some of these side effects. Check with your health care professional if any of the following side effects continue or are bothersome or if you have any questions about them:
More Common:
aches or pains in the muscles
bloody nose
diarrhea
difficult or labored breathing
flushing
headache
pain or tenderness around the eyes and cheekbones
redness of the skin
sneezing
stomach discomfort following meals
stuffy or runny nose
trouble sleeping
unusually warm skin
Rare:
Abdominal or stomach pain
abnormal dreams
anxiety
clumsiness or unsteadiness
cough
diarrhea or stomach cramps (severe or continuing)
difficulty in swallowing
ear pain
increased amount of saliva
increased skin sensitivity
lack of coordination
loss of bladder control
mental depression
nausea
numbness or tingling of the hands, legs, or feet
rectal bleeding
redness or irritation of the tongue
redness, soreness, swelling, or bleeding of the gums
ringing or buzzing in the ears
sensation of motion, usually whirling, either of one's self or of one's surroundings
sexual problems in men (continuing), including failure to experience a sexual orgasm
sleepiness
sores in the mouth and on the lips
tense muscles
trembling and shaking
vomiting
waking to urinate at night
worsening of asthma
Check with your doctor immediately if any of the following side effects occur while taking VIAGRA:
Less Common:
bladder pain
burning feeling in the chest or stomach
burning, crawling, itching, numbness, prickling, "pins and needles", or tingling feelings
cloudy or bloody urine
dizziness
increased frequency of urination
indigestion
pain on urination
stomach upset
tenderness in the stomach area
Rare:
abnormal vision
anxiety
behavior change similar to drunkenness
bleeding of the eye
blurred vision
bone pain
breast enlargement
chest pain
chills
cold sweats
confusion
convulsions (seizures)
cool and pale skin
deafness or hearing loss
decrease in amount of urine or the frequency of urination
decreased vision
difficulty in concentrating
dizziness or lightheadedness, especially when getting up suddenly from a lying or sitting position
double vision
drowsiness
dry eyes
dry mouth
dryness, redness, scaling, or peeling of the skin
excessive hunger
eye pain
fainting or faintness
fast, irregular, or pounding heartbeat
feeling of something in the eye
fever or chills
headache (severe or continuing)
increase in the size of the pupil
increased sweating
increased thirst
lower back or side pain
migraine headache
nausea (severe or continuing)
nervousness
nightmares
numbness of the hands
painful, swollen joints
prolonged, painful erection of penis
redness, burning, or swelling of the eyes
redness, itching, or tearing of the eyes
restless sleep
seeing shades of colors differently than before
sensitivity to light
shakiness
skin lesions with swelling
skin paleness
skin rash, hives, or itching
skin ulcers
slurred speech
sore throat
sudden weakness
swelling of the face, hands, feet, or lower legs
trouble breathing
twitching of the muscles
unusual feeling of burning or stinging of the skin
unusual tiredness or weakness
vision changes
vision loss, temporary
Incidence not known
Blindness
Some side effects of viagra may occur that usually do not need medical attention. These side effects may go away during treatment as your body adjusts to the medicine. Also, your health care professional may be able to tell you about ways to prevent or reduce some of these side effects. Check with your health care professional if any of the following side effects continue or are bothersome or if you have any questions about them:
More Common:
aches or pains in the muscles
bloody nose
diarrhea
difficult or labored breathing
flushing
headache
pain or tenderness around the eyes and cheekbones
redness of the skin
sneezing
stomach discomfort following meals
stuffy or runny nose
trouble sleeping
unusually warm skin
Rare:
Abdominal or stomach pain
abnormal dreams
anxiety
clumsiness or unsteadiness
cough
diarrhea or stomach cramps (severe or continuing)
difficulty in swallowing
ear pain
increased amount of saliva
increased skin sensitivity
lack of coordination
loss of bladder control
mental depression
nausea
numbness or tingling of the hands, legs, or feet
rectal bleeding
redness or irritation of the tongue
redness, soreness, swelling, or bleeding of the gums
ringing or buzzing in the ears
sensation of motion, usually whirling, either of one's self or of one's surroundings
sexual problems in men (continuing), including failure to experience a sexual orgasm
sleepiness
sores in the mouth and on the lips
tense muscles
trembling and shaking
vomiting
waking to urinate at night
worsening of asthma
Check with your doctor immediately if any of the following side effects occur while taking VIAGRA:
Less Common:
bladder pain
burning feeling in the chest or stomach
burning, crawling, itching, numbness, prickling, "pins and needles", or tingling feelings
cloudy or bloody urine
dizziness
increased frequency of urination
indigestion
pain on urination
stomach upset
tenderness in the stomach area
Rare:
abnormal vision
anxiety
behavior change similar to drunkenness
bleeding of the eye
blurred vision
bone pain
breast enlargement
chest pain
chills
cold sweats
confusion
convulsions (seizures)
cool and pale skin
deafness or hearing loss
decrease in amount of urine or the frequency of urination
decreased vision
difficulty in concentrating
dizziness or lightheadedness, especially when getting up suddenly from a lying or sitting position
double vision
drowsiness
dry eyes
dry mouth
dryness, redness, scaling, or peeling of the skin
excessive hunger
eye pain
fainting or faintness
fast, irregular, or pounding heartbeat
feeling of something in the eye
fever or chills
headache (severe or continuing)
increase in the size of the pupil
increased sweating
increased thirst
lower back or side pain
migraine headache
nausea (severe or continuing)
nervousness
nightmares
numbness of the hands
painful, swollen joints
prolonged, painful erection of penis
redness, burning, or swelling of the eyes
redness, itching, or tearing of the eyes
restless sleep
seeing shades of colors differently than before
sensitivity to light
shakiness
skin lesions with swelling
skin paleness
skin rash, hives, or itching
skin ulcers
slurred speech
sore throat
sudden weakness
swelling of the face, hands, feet, or lower legs
trouble breathing
twitching of the muscles
unusual feeling of burning or stinging of the skin
unusual tiredness or weakness
vision changes
vision loss, temporary
Incidence not known
Blindness
Some side effects of viagra may occur that usually do not need medical attention. These side effects may go away during treatment as your body adjusts to the medicine. Also, your health care professional may be able to tell you about ways to prevent or reduce some of these side effects. Check with your health care professional if any of the following side effects continue or are bothersome or if you have any questions about them:
More Common:
aches or pains in the muscles
bloody nose
diarrhea
difficult or labored breathing
flushing
headache
pain or tenderness around the eyes and cheekbones
redness of the skin
sneezing
stomach discomfort following meals
stuffy or runny nose
trouble sleeping
unusually warm skin
Rare:
Abdominal or stomach pain
abnormal dreams
anxiety
clumsiness or unsteadiness
cough
diarrhea or stomach cramps (severe or continuing)
difficulty in swallowing
ear pain
increased amount of saliva
increased skin sensitivity
lack of coordination
loss of bladder control
mental depression
nausea
numbness or tingling of the hands, legs, or feet
rectal bleeding
redness or irritation of the tongue
redness, soreness, swelling, or bleeding of the gums
ringing or buzzing in the ears
sensation of motion, usually whirling, either of one's self or of one's surroundings
sexual problems in men (continuing), including failure to experience a sexual orgasm
sleepiness
sores in the mouth and on the lips
tense muscles
trembling and shaking
vomiting
waking to urinate at night
worsening of asthma
Check with your doctor immediately if any of the following side effects occur while taking VIAGRA:
Less Common:
bladder pain
burning feeling in the chest or stomach
burning, crawling, itching, numbness, prickling, "pins and needles", or tingling feelings
cloudy or bloody urine
dizziness
increased frequency of urination
indigestion
pain on urination
stomach upset
tenderness in the stomach area
Rare:
abnormal vision
anxiety
behavior change similar to drunkenness
bleeding of the eye
blurred vision
bone pain
breast enlargement
chest pain
chills
cold sweats
confusion
convulsions (seizures)
cool and pale skin
deafness or hearing loss
decrease in amount of urine or the frequency of urination
decreased vision
difficulty in concentrating
dizziness or lightheadedness, especially when getting up suddenly from a lying or sitting position
double vision
drowsiness
dry eyes
dry mouth
dryness, redness, scaling, or peeling of the skin
excessive hunger
eye pain
fainting or faintness
fast, irregular, or pounding heartbeat
feeling of something in the eye
fever or chills
headache (severe or continuing)
increase in the size of the pupil
increased sweating
increased thirst
lower back or side pain
migraine headache
nausea (severe or continuing)
nervousness
nightmares
numbness of the hands
painful, swollen joints
prolonged, painful erection of penis
redness, burning, or swelling of the eyes
redness, itching, or tearing of the eyes
restless sleep
seeing shades of colors differently than before
sensitivity to light
shakiness
skin lesions with swelling
skin paleness
skin rash, hives, or itching
skin ulcers
slurred speech
sore throat
sudden weakness
swelling of the face, hands, feet, or lower legs
trouble breathing
twitching of the muscles
unusual feeling of burning or stinging of the skin
unusual tiredness or weakness
vision changes
vision loss, temporary
Incidence not known
Blindness
Some side effects of viagra may occur that usually do not need medical attention. These side effects may go away during treatment as your body adjusts to the medicine. Also, your health care professional may be able to tell you about ways to prevent or reduce some of these side effects. Check with your health care professional if any of the following side effects continue or are bothersome or if you have any questions about them:
More Common:
aches or pains in the muscles
bloody nose
diarrhea
difficult or labored breathing
flushing
headache
pain or tenderness around the eyes and cheekbones
redness of the skin
sneezing
stomach discomfort following meals
stuffy or runny nose
trouble sleeping
unusually warm skin
Rare:
Abdominal or stomach pain
abnormal dreams
anxiety
clumsiness or unsteadiness
cough
diarrhea or stomach cramps (severe or continuing)
difficulty in swallowing
ear pain
increased amount of saliva
increased skin sensitivity
lack of coordination
loss of bladder control
mental depression
nausea
numbness or tingling of the hands, legs, or feet
rectal bleeding
redness or irritation of the tongue
redness, soreness, swelling, or bleeding of the gums
ringing or buzzing in the ears
sensation of motion, usually whirling, either of one's self or of one's surroundings
sexual problems in men (continuing), including failure to experience a sexual orgasm
sleepiness
sores in the mouth and on the lips
tense muscles
trembling and shaking
vomiting
waking to urinate at night
worsening of asthma
This post is aging, so I'm not sure you'll see this comment... but I like the natural philosophy you've demonstrated in a couple of your posts, like this one.
I do the same... I think in terms of entropy, natural selection, and preferential attraction. These things apply across all domains and scales, both material and subjective.
In my view, these are the mechanism of creation. Reality is a collection of entropic trading games that converge on new order and complexity at the expense of entropy in supporting, lower order systems.
In the context of humanity, the arc of our development has been to increasingly discharge social entropy away from humans and into a fuel source. Our capacity to do this increases with the complexity of our evolving subjectivity.
Markets are among the evolving, entropic systems that enable this course of human development.
In lieu of your characterization of sentiment, Fear and Greed, I use the terms order and disorder.
Order is transcendental growth, like the Fibonacci sequence, and disorder is FUD.
I feel like Faith and Fear characterize sentiment as well. Is it Greed to believe in something, and invest in it? If I view a cryptoeconomy as the emergent complexity of an advanced, free market system... a more accessible, more adaptable, more orderly system than the fiat economy... to align myself with it is to align myself with the natural course of evolution. This is an act of Faith, not Greed... yes?
Check with your doctor immediately if any of the following side effects occur while taking VIAGRA:
Less Common:
bladder pain
burning feeling in the chest or stomach
burning, crawling, itching, numbness, prickling, "pins and needles", or tingling feelings
cloudy or bloody urine
dizziness
increased frequency of urination
indigestion
pain on urination
stomach upset
tenderness in the stomach area
Rare:
abnormal vision
anxiety
behavior change similar to drunkenness
bleeding of the eye
blurred vision
bone pain
breast enlargement
chest pain
chills
cold sweats
confusion
convulsions (seizures)
cool and pale skin
deafness or hearing loss
decrease in amount of urine or the frequency of urination
decreased vision
difficulty in concentrating
dizziness or lightheadedness, especially when getting up suddenly from a lying or sitting position
double vision
drowsiness
dry eyes
dry mouth
dryness, redness, scaling, or peeling of the skin
excessive hunger
eye pain
fainting or faintness
fast, irregular, or pounding heartbeat
feeling of something in the eye
fever or chills
headache (severe or continuing)
increase in the size of the pupil
increased sweating
increased thirst
lower back or side pain
migraine headache
nausea (severe or continuing)
nervousness
nightmares
numbness of the hands
painful, swollen joints
prolonged, painful erection of penis
redness, burning, or swelling of the eyes
redness, itching, or tearing of the eyes
restless sleep
seeing shades of colors differently than before
sensitivity to light
shakiness
skin lesions with swelling
skin paleness
skin rash, hives, or itching
skin ulcers
slurred speech
sore throat
sudden weakness
swelling of the face, hands, feet, or lower legs
trouble breathing
twitching of the muscles
unusual feeling of burning or stinging of the skin
unusual tiredness or weakness
vision changes
vision loss, temporary
Incidence not known
Blindness
Some side effects of viagra may occur that usually do not need medical attention. These side effects may go away during treatment as your body adjusts to the medicine. Also, your health care professional may be able to tell you about ways to prevent or reduce some of these side effects. Check with your health care professional if any of the following side effects continue or are bothersome or if you have any questions about them:
More Common:
aches or pains in the muscles
bloody nose
diarrhea
difficult or labored breathing
flushing
headache
pain or tenderness around the eyes and cheekbones
redness of the skin
sneezing
stomach discomfort following meals
stuffy or runny nose
trouble sleeping
unusually warm skin
Rare:
Abdominal or stomach pain
abnormal dreams
anxiety
clumsiness or unsteadiness
cough
diarrhea or stomach cramps (severe or continuing)
difficulty in swallowing
ear pain
increased amount of saliva
increased skin sensitivity
lack of coordination
loss of bladder control
mental depression
nausea
numbness or tingling of the hands, legs, or feet
rectal bleeding
redness or irritation of the tongue
redness, soreness, swelling, or bleeding of the gums
ringing or buzzing in the ears
sensation of motion, usually whirling, either of one's self or of one's surroundings
sexual problems in men (continuing), including failure to experience a sexual orgasm
sleepiness
sores in the mouth and on the lips
tense muscles
trembling and shaking
vomiting
waking to urinate at night
worsening of asthma
No, Technical Analysis is Not a "Quantum Event" - Part 1
No, Technical Analysis is Not a "Quantum Event" - Part 2
Six caveats:
(1) I’ve never flagged a single one of your posts (or anyone else’s, other than my own...I try to throw a healthy flag at my own posts every now and again when they are awful and undeserving of money) not because I think anything you have to say is legitimate or based on sound reasoning, but, rather, because I am fully in favor of letting people experience all opinions and then make the decision for themselves. I’m confident like that.
(2) Just because I’ve never flagged you doesn’t mean you shouldn’t flag me. You have every right to protect your earnings by trying to hide the useful criticisms of your work I’m placing here. It would be fair. Cowardly, but fair.
(3) I’m breaking my own principles of not “naming names” by posting this here, and for that, I am flagging this comment of mine.
(4) I have at least two posts with a few dollars heading my way for payouts (I’ve already flagged one of them) and some comments all around this place, just so you know that there are opportunities for you to be bitter and vengeful if you feel that itch.
(5) Tell Rancho I’m still waiting for him to call me ::exaggerated wink:: ::exaggerated wink::
(6) Sadly, I haven’t had the opportunity to delve any further into why everything you write is wrong, so just these first two parts will have to do for now.
