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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: ChanceIs who wrote (111977)	10/16/2008 9:15:15 AM
From: chowder	Read Replies (1) of 206178

>>> There is also the consideration that TA is a self fulfilling prophecy. TA has some predictive power because many believe in it and they have agreed upon a rule book. <<< Let's assume that's true. If it is, then doesn't that mean you should be able to anticipate future price movement? If something is self fullfilling, then by all means, we should be able to profit from it. >>> Please discuss the time resolution you applied in making your assertion about the kangaroo tails. Please tell me if the expected behavior then applies within that time domain only <<< I don't know what Q8's response will be, but if looking at a daily chart, the daily signal is good for 1-3 days, depending on the trend and market conditions. In today's current market environment, the daily signal is good for one day or less, an ideal set up for day traders. A one minute signal is good for 1-3 minutes, etc.

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