Surf's Special Situation Journal

Dude, you can't self promote here, unless you pay for the privilege.

 

surf, ta said short 65 es


ym will tag 305-318 unless we clear 1470 es

my ym trade is short 444 with a stop at 464 and a 320 target

 

"Dave is well versed in technical analysis"

 

That's a very good trade so far, nice going!!

I am staying long here in YM-- my time horizon is much longer. surf

 

I use TA descriptively not predictively--- 10 years plus of study, ex MTA member, remember when I was a big Gann guy back in the day??

 

I'm just messing with ya. Where is your stop on ym ?

 

Must admit that YM looks the most bullish among top US indexes. But the divergence we see is not a sign of solid long-term move usually.

 

I agree.
But I still follow the thinking that 500 companies represents the bigger picture better than just 30.

 

My very first trading book 23 years ago, cost $100 and was about Gann angles, Gann charting etc.
I attempted to study its contents, kept the book for years and could never make head or tail of the gibberish.
It was a total waste of $100 and I gave the book away free to a Amibroker guru about 2 years ago.
The whole Gann crap is just that, crap, imo.
That was my first lesson in being stung by TA con artists.

Maybe that's what's confusing Surf about TA.
May require a TA detox clinic after Gann.

 

Just watch the price and use the force.