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Strategies & Market Trends : Classic TA Workplace

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To: bcrafty who wrote (70502)4/5/2003 8:07:47 AM
From: the-phoenix  Read Replies (1) of 209892
 
bcrafty: I responded to your post, but my comment wasn't directed at you specifically. But there has been a ton of discussion of Bradley turns this past week or so (mostly on Velo's thread), and there seems to be a fair amount of cognitive dissonance, where folks will invoke the Bradley model to support a position and then say we are in the Big C and going to blast off next week. They might say that it is an inversion and April 11th will be a high. Why will this next upcoming turn be an inversion? I don't see any significant inversions in that chart. I see the Bradley Model and the Big C as in conflict. I just don't see how one can have it both ways. The discussions that try to reconcile the Bradley to the Big C (happening right here) are the ones that render the Bradley useless. "Oh, it can be +/- four days, or it can be an inversion, or even, it can simply mark continuations!"

For me, the Bradley is useful, if I use it as literally as possible. That means, it signals a direction change on a specific date (OK, +/- one day, or two for weekends). As soon as the interpretation gets more wishy-washy than that, then it DOES become useless and I agree with those who so argue.
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