klatt_attack,
Don't mean to be contradictory in this..., but let me throw a thought out...!
Imo..., nothing that happened last April has anything to do with Tomorrow or any time next month.>>expect an october similar to april.<<
For that matter nothing that happened 2 years ago or further back has a dynamic bearing on today's market.
Yes we build trend lines, moving averages, macd's, etc...,
but Imo it's a false assumption to believe the future will be anything like the past...., or behave anything like the past. The underlying structure of the markets are chaotic. These markets are not linear and Newtonian..., they are nonlinear and multi-dimensional. This requires looking at each day as a brand new day...., to be flexible, open and intuitive about how these various indicators are going to be useful in trading.
Nonlinear thinking requires and draws a more accurate map. Fibs, cycles, ewaves, forks, bar patterns all have their place..., but they aren't useful for more then identifying or roughly measuring what people are about to do with stock shares. A better question is; What's Going to Happen that's Different...then What's Going to Happen that's Similar to the past.
So I have a problem with cycles and backward looking projections. Our minds may remember what happened yesterday..., but not necessarily use the information again in the same way... or the same as anyone else would...!
Just a few thoughts...! |
