You better tell all the technical analysts that TA's function is not to tell when to buy or sell and that it only make sense in static ( single deck analogy) market environments where it can be used to infer buying/ selling-- I am happy to learn you find this obvious. Given the fact thst you are anonymous i have no clue but based on your moronic responses my guess is that you don't understand what is being stated. Surf
I like your two final sentences. But need to disagree that TA has become more precise. Patterns will always show up in data. Even random data creates the same paterns as the markets. Odds favor trend resumption- that is a very broad and untestable/unverifiable claim. Regardless, good luck to you this week! I enjoyed your jungle stories! surf
The reason why I don't engage in TA discussions with you anymore is you have demonstrated over the years that you have the intellect of a lizard. You claim experience in trading. All you have proven in every incarnation of the Surf Report is that you know how to lose consistently, so that is your only demonstrated area of expertise. You epitomise the fact that any fool can have an opinion.
We are holding the YM short position into the open. There does not need to be any type of drastic catalyst for the selling to continue. It's the inherent nature of the market to ebb and flow-- rise and fall-- despite to upward drift. Now is the time to fall. It took us 8 entry attempts to nail the coming solid downwave. The down move will happen, the question is velocity -- we could see the 1000 point plus move ftom the djia highs in 2 days or even 2 months with fluctuations in between. Or it could be fast and violent. Get prepared. The future is uncharted. surf
I think the good doctor is a tad pedantic. ...stepping in front of a freight train that much more dangerous to your financial health.
Ummm...Surfster...8 clumsy entry attempts is not nailing anything, except maybe your own coffin shut.... But, anyway, wishing you good luck on this trade. Am also positioned short now and hope to profit too. You go, Surfy!!