TA is great for illustrating what has happened. Nothing better. It's just not so good for making real time decisions. No double standards here. surf
So how is posting a chart from 2007, and illustrating what has happened, not going against your own rhetoric?
If you don't understand the difference between TA for illustrating what has happened and using TA to make real time trading decisions, I really can't help you. Sorry! surf
Marketsurfer did indeed call it in May. The problem is he also called it in April, in March, in Feb, in Jan, and in 11 previous months as well. The he called the top in gold around 945 or so (search ET metal forums for hilarity).
You are a real fan of marketsurfer. Kinda a love/hate relationship?? But no need to make up stuff to add to the legend. Folks erroneously believe everyone is surf at one time or another. surf
Thanks for the publicity, but I admit I was wrong. Not sure what your point is. I was experimenting with forecasting techniques with gold. No shame in being wrong. surf
And here's the one where he called the top in on WTI at $95 (which later that year went on to around $145). http://www.elitetrader.com/vb/showthread.php?s=&postid=1736040&highlight=top#post1736040 And before that, saying it wouldn't break $79 http://www.elitetrader.com/vb/showthread.php?s=&postid=1733666&highlight=top#post1733666