Spoken like a true astrologer--- oops, mean technical analyst. Exagerations are your forte'. I don't hate TA, I use TA every single day of the year as a descpriptive tool. I earned solid $$ teaching TA to a fundamentally based fund manager and landed a job managing a portfolio for him. I certainly don't hate any TA practioners, in fact, several are among my best friends. However, I do despise mistruths, falsehoods, and hyperbole regarding the use of TA as a predictive tool as single instrument price action traders claim they do--- When someone makes statements that my 20+ years of experience tells me are false, I am going to question and push for the truth---If you don't like my style, put me on ignore. peace surf
The fund closed at a large loss did it not? If you hate it or not, you cant denie you have a lot of time to focus on it
The truth is I was down several percent after 6 months--- when the anchor investor pulled his funds for personal reasons-- nothing to do with performance. Yeah, fortunately life and the markets have been good to me so far-- -- surf
The United States is in a catch 22 type situation financially. As the economy inproves, such as witnessed by the job number today, it brings the end of QE one step closer---- its a balancing act now and surfer shack research remains very bearish for the rest of the year.
Yes special tiimes due to Fed, bad news is good for market and conversely, the opposite for good news. Yet today, market reacted favorably to good news. Tricky stuff to decipher, therefore, I try to limit the rationale to price.
Yes, but I am betting that the retraction of QE will trump any good news as the market is ahead of itself due to the QE, not good news. surf