PARL - This is just goofy

[Lyehopper]

Sold my shares at market just now and the price increased as they were sold, someone's covering.... I'll trade this thing all day.

[Lyehopper]

WoooHoooo!!!! I'm Sooooo Fuzzzzzzzzy!!!!!

Hey Rockin'Rob!.... Check out this "new" PARL TA DUDE!!!! This thing's HOT!....LOL!!!!

[Lyehopper]

Buying again below $21.10.... Volume is drying up so I'm only buying about 5k shares this go-round.... Who's gonna play with me?

[New-born baby]

Buying again below $21.10.... Volume is drying up so I'm only buying about 5k shares this go-round.... Who's gonna play with me?

Not me, Dude. I think this is simply rumor/news/emotion. Be careful

[spikefader]

Spike, that upper price channel isn't even close to the high prices. It looks like you drew it above the parabolic S.A.R. indicators.

Rob, that's just a regression channel formula that automatically calculates where the line should appear. I don't draw anything; never have. It's autodraw by click n drag inside the stockcharts java box. It's not supposed to be a price trend line, but a weighted channel representation of highest high or lowest low value within a specified date range.

[spikefader]

I think it's an auto draw feature on stockcharts (for paying subscribers) Rob. Looks like you pick a midpoint and a bottom (or a top) and the program draws the channel.... Is that about how it works Spike?

Remember Rob.... Some of us here like to use "fuzzy" TA.... jejeje

Yup, but it's a free thing for anyone to open "annotate" and mess with. And it's not fuzzy logic based.

[spikefader]

I read "fuzzy" as "inaccurate." Take the crosshairs on the scope of your favorite deer rifle, for instance. How fuzzy would you like that to be?

Rob, there are plenty of real-life applications of fuzzy logic that actually vastly improves the efficiency of things in our daily lives. It's merely a type of logic, not a guess at anything. And for everyone's info, I've only really seriously used fuzzy logic with EW to create a simplistic EW method that looks for a specific type of price pattern/action. Effectively I'm applying partial truth logic to a very complicated system of Elliott Wave theory to come up with a very very very simple setup. Anyone who doesn't see a fuzzy C as worthwhile needs their head read. I don't think a fuzzy C can be described as inaccurate; for many times it's RIGHT on the money......and I view a fuzzy C as significant support that often leads to volatile moves away from it, whether C fails as support or resistance as the case may be, or if the pattern/pivot 'fails'. Apply good r/r to that fuzzy logic and you'll make money. Shoo; apply good r/r to ANY method and you'll make money. Sometimes ya gotta think outside the box, and fuzzy logic does just that.

[spikefader]

.."fuzzy" ..it's like his own special brew . . . .

hehe yup yup. Fuzzy logic has allowed me to take the EW brew and filter out the complicated rules so I end up with a most simplistic interpretation of the price pattern 12345abc. The counts I do still attach the importance to that basic EW fundamental. I've not created something new or guessed at anything.....but I'm just applying different logic to find that 12345abc pattern to exploit with good r/r.

Refined or adapted it to his own trading style? Seems more like the latter than the former.

Yes, adapted is probably the more accurate english word; "change to suit a purpose", or "adjust to conditions". My purpose was to simplify and that's pretty much what I've done.

[spikefader]

LOL! Hey Rockin'Rob.... I've got a simi-auto with a 30 round banana clip.... I call it "ol fuzzy".... You simply squint your eyes, pull the trigger and fire from the hip.... I just keep shootin' till somethin' drops. That's how my TA works dude.... Is it accurate?... I'd say it's as accurate as anything else I've seen.... and a heck of a lot more fun.... SsSsSsSssss!!!!

lol yup, and it's keep executing with good r/r and eventually you'll nail the big kill. Good analogy

[Lyehopper]

As the Illia's turn....

Saw the news about Ilia trying to go private at $29 this morning on Bloomberg TV while eating breakfast. See also Herb Greenberg's take on this today ... Ilia tried to go private a few years ago at $4 and couldn't get the financing. Attempts to go private, upcoming split, beat estimates. I goota' say that Ilia is willing to try almost anything to put it to the shorts. Meanwhile, I continue to hold me few shares and don't even intend to sell on this pop. I agree that it's worth $50.

Hey Stenz.... If Illia wanted to buy up PARL when it was $3 and then it moved up 1,000%.... Then maybe it'll move another 1,000% from this offer.LOL! Whatever happens, the fact remains that I love watching this company and it's stock. Better than watching "As the World Turns"....

[Rob]

The Nitty Gritty

The truth of the fuzzy/non-fuzzy debate is that it is not an either/or situation. Naturally a certain degree of "fuzzy logic" may be beneficial, but beyond a certain point it becomes detrimental. There is a point of diminishing returns. It would be stupid for one to deny either side of the issue completely, in favor of the other. It is a question of relativity. I questioned the placement of the upper channel line on the PARL chart because you were using it to say that the upper channel was near $29. I still see $29 as significantly above the channel back to February. That is not to say the price will not attain $29, but that in so doing it will have busted out of that channel.

[Lyehopper]

The truth of the fuzzy/non-fuzzy debate is that it is not an either/or situation. Naturally a certain degree of "fuzzy logic" may be beneficial, but beyond a certain point it becomes detrimental. There is a point of diminishing returns. It would be stupid for one to deny either side of the issue completely, in favor of the other. It is a question of relativity. I questioned the placement of the upper channel line on the PARL chart because you were using it to say that the upper channel was near $29. I still see $29 as significantly above the channel back to February. That is not to say the price will not attain $29, but that in so doing it will have busted out of that channel.

I think Spike said the upper channel is "pretty close to $29".... Looks like the upper channel line is @ 28.75.... That's "pretty close to $29" ain't it dude?

Or are you disputing the way Spike has it drawn? I don't understand what you're sayin'.... Why don't you mark up a chart and show what you see Rob?

[Rob]

What I See

I think Spike said the upper channel is "pretty close to $29".... Looks like the upper channel line is @ 28.75.... That's "pretty close to $29" ain't it dude?

Or are you disputing the way Spike has it drawn? I don't understand what you're sayin'.... Why don't you mark up a chart and show what you see Rob?

Spike said "pretty close," and I said "near." I don't see much difference there. Since you asked, here's what I'm seeing when I look at that chart:

[Lyehopper]

Spike said "pretty close," and I said "near." I don't see much difference there. Since you asked, here's what I'm seeing when I look at that chart:

That's clearly not right Rob. How are ya gonna get a $29 target out of that channel. Try again dude.

[Rob]

What's that got to do with the price of tea in China? I never said anything about a $29 target. You need to re-read the thread. Also, I'm pressed for time and haven't got time to pursue this at the moment.