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Non-Tech : The Woodshed
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To: jrhana who wrote (15498)10/27/2004 3:32:24 AM
From: Kailash   of 60911
 
Right, that's the pattern -- lower highs, lower lows, drifting down in such a way that market makers can get their cut all the way. But once the pattern has been established and everyone can see it and profit from it, that creates an incentive to break it -- the moment your behavior can be predicted, someone can start to take advantage of you.

Looking at the previous turnarounds in this oscillating dow, we see they often hesitate a bit, move up and down indecisively for a few days. That implies the pattern could break, there's uncertainty. That's where we are now -- and then add the election, the uncertain outcome.

Cheers,
K
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