Todays selloff bounced off of the Daily 20MA and retraced back to the Daily 5MA, EXACTLY. This won't happen exactly all the time, but you can see how it will build your confidence up. Averages work, and I am attempting to show you this in real-time. Elliot Wave, if you can ever understand it, is, well,..........Elliot- Wave. SE
Could you please elaborate on the transparency issue. I think of transparency as .....the ability to view the depth of the market at different price levels. What am I missing here ?
By Transparency I am refering to the ability to see all markets and market components and how they behave. You watch: The Bond Market The USdollar/Yen relationship (optional) Both Futures Markets (sp/nd) Oil Index Biotechs Semi's Dow ....to see if everything is normal. For example, a major news event hits the markets and the bond market starts selling off. You have to be able to spot that and see how that is going to affect trading in other markets. SE