Surf - check out this analysis: http://www.elitetrader.com/vb/showthread.php?s=&postid=3778381#post3778381 Copper stocks are near 10 year highs !!! I smell Farmer in this market. Who else could be holding it up ? Copper should be around $2.80 or lower.
I was wondering also whether PD's were still calling crude up. Anyone know how the PD's work? Is it a formula? Or based on fundamentals?
IMO, surf PD's are based on intuition, instinct, impulse, which is the exact opposite of analytical trading that is based on multiple sets of data and applied mathematics. the beauty of intuition trading is that the thought process is hard coded in our brain and it is sort of random, while analytical trading is always black or white and hence perfectly predictable.
Here ya go smurf. Pure TA or more specifically PA. The same market you blew up your combine using PD's and the same one you're losing your butt in now. I didn't pass but I did come out positive.