Well we didn't fall of that plastic edge as the collective wisdom of SI suggested we might.. Now they are all "dancing
on a pin edge" tonight,, to paraphrase "some quote ,,a blast from the past" in my memory bank...
I wasn't sure.. Most I read were pretty sure it was "crash city".. And now they all reversed on a dime and are now "long".. I don't know???
I also don't know how "long" this "blast" is going to last either.. We will see.
One thing I do know, I have some feel for reality, by understanding the fundamental back drop to things.. When I was first starting this, years ago, I read a quote from someone.. to the effect, "You will never meet a rich pure technician".. I believe it after fighting it for some time... But a person just can't compare current economic fundamentals to past e.fundamentals either.. That's apples and oranges too..
A person has to understand where they are " in space and time"
And to do this, someone has to move around, look around and listen around, both the real and now the cyber world. ESPECIALLY TO THE NEW ONES.. BECAUSE THEY HAVE A NEW
STORY THAT MIGHT BE WORTH LISTENING TOO.. I've heard the OLD, I learn from the new..
In this case, TA, everybody knows the old , rsi, stoch, macd etc.... In a dynamic changing environment, like a market we have to change.. Carrier pigeons are a little slow today.. IMO.
c |
