Major OT** Yes JT, I won't deny my bias is to the bear side but I do not fight the tape. My calls aren't always right but as a wise man once said, being wrong isn't expensive, being stubborn is. I am not sure I understand the 'wiggles' comment, but if you mean I only trade intraday, that is incorrect. As for the wedge comment, I use wedges as a TA tool, don't you?
As anyone who follows this thread knows I am open-minded to any scenario, bullish or bearish. And as for 'rearview' calls I really don't know what you mean. I rarely make a major move without most of this thread knowing beforehand the whys and whens, I have a portfolio of charts that can attest to that.
The difference here is I am not a bear cheerleader whereas you pimp the bull side relentlessly regardless of price action. And what's worse is I detect that you somehow have attached being bullish or bearish on equities as some kind of comment on an individual's personality and soul. If I am wrong here, then I apologize but your lack of tolerance for bears seems to have very little to do with TA or trading.
As for the current market, you are obviously very bullish here and there may be good cause in the short-term, the market is not acting in a bearish fashion. But I see very little here indicating that we are going to blast off either. Take a step back and look what has happened here the last three quarters on the SPX tell me exactly what you see that is bullish. I see an extended period of sideways chop below the neckline of the most monstrous Head and Shoulders this market will likely ever see. And just FYI, my overall portfolio had been biased long until yesterday when I noticed the scales tipped slightly in favour of the bear side.
Anyway, my comments were directed at your relentless (rather dogmatic) bullishness and nothing more. I have the same distaste for permabears who complain that every ramp is the PPT. I have no issue with the bull side and perhaps we do take off, but there is very little evidence technically or fundamentally that can support it as of yet. THAT is my problem with your "trading approach".
Cheers,
Shack |
