I'm busily exploring an entirely new avenue in TA, Casaubon, so everything isn't all kiddin' around.
The fruit of my latest work:
I really think the Dow could gap higher this morning (yes, this Wednesday morning, March 20, 2002) and continue up strongly to 11,000 during the day, based on Tuesday's momentum.
Analysts are frequently wrong with their endless predictions, and always right in hindsight, it seems, but how many are absolutely wrong even in hindsight? I think I've chanced upon an entirely new angle in TA, and perhaps a profitable one at that. (I'm thinking newsletter here, and maybe a losing hedge fund or two.) I'll offer the same wrong predictions you're so used to seeing day after day, but now in hindsight, to make them doubly wrong, inexplicably wrong, dumbfoundingly, stupefyingly wrong.
Somehow, wrongness in hindsight seems more authentic, since it starts from the basic premise that it's kidding itself. Wrong predictions about the future rarely seem to start with that honest realization.
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