Need to Experienced Feedback...

Discussion in 'Technical Analysis' started by christianhgross, Aug 8, 2008.

  1. Hi

    I am not selling a product, nor do I want to sell a product.

    I need some feedback from an experienced technician who can tell me I was either lucky or am onto something.

    First for starters read the blog entry:

    And in particular look at the image:

    This is a random walk that I presumed as most realistic for the S&P from February of this year onwards.

    Now look at the S&P and add the little jump of today and you get the picture of what happened:

    Essentially what it boils down to is that my technical analysis is SPOT ON!

    When things are this spot on there are two ways to rationalize this:

    1) You are REALLY smart...
    2) You got lucky...

    I am tending towards 2, but what makes me wonder is that with some other plays I did they were pretty spot on as well.

    So the question am I lucky? And I would define this as maybe another experienced technician has this sort of ability as well. Or am I actually onto something?

    Again not selling a product, just want feedback because sadly I live in my own echochamber...