Robert Rose: Keep those post coming. This thread needs both sides...<g>
To All that read this thread. Remember each and every post you read is the opinion of the author. Always assume it is not a recommendation to buy, sell or hold. And, never substitute Overall Market Direction Analysis for good solid analysis of individual stocks or other trading instruments.
Remember this thread is meant to supplement your investment due diligence not replace it.
Robert brings up a good point about setting time frames when possible. Of course, very few can nail down the exact day and time for market moves in advance. The best I know to do is to identify formations, trend lines and price action areas to watch for those moves to begin, end or reverse. And identifying indicators that support the above.
"Gut feels" on this thread are unwanted for two primary reasons. First, they disallows those that read this thread to take a look at the reasoning behind the expectation (charts, indicators, fundamental data, etc) thus allowing readers to review the information and formulate their own opinions. Second, it keeps the folks that only want to post to capture recognition away.
It is not easy nailing down exactly when an event will occur, maybe we could help by stating the time frame for our expectations....intraday, days, weeks or months, etc., and weather the expectation is a intraday move, short, medium or long-term move.
I have tried to accommodate the above by (instead of just writing down the numbers) posting links to charts so folks can visually see what I am talking about. Then they can plot the same trend lines, chart formations and price action points to follow on their own charts.
Regards,
LG |
