Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Box-By-The-Riviera™ who wrote (76899)	3/7/2001 8:49:58 PM
From: Michael Watkins	Read Replies (2) of 436258

does it suggest that cycle watching could have become like charts...losing effectiveness. I have to disagree completely. As the top of the market was being set in tech, I ran across dozens and dozens of people bemoaning how technical analysis "no longer worked". The issue was not that analysis no longer worked, just that their methods were appropriate, even though many were very rudimentary (buy the dip!), only for the bull run. TA didn't stop being effective - their view on the world had so much bias in it and their methods reflected that. TA is just measurement. Its not prediction, IMO, as so many wish it to be. Sure, certain markets are at very key points and it seems like a flip of a coin where things go. For those that want to "predict" these times are painful. For those that will measure and react, its just another day on the job. Ok, back to die die die market market market now now now. LOL

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