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Strategies & Market Trends : Classic TA Workplace

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To: mishedlo who wrote (80738)9/6/2003 10:49:52 PM
From: skinowski  Read Replies (2) of 209892
 
Mish, I looked up the chart for Dec Corn on Qcharts (C03Z). Corn had a pretty wild drop into that July low. Not sure I would like to trade this one - with the leverage involved - even if my IB would have a suitable product. It would have been a pretty tough call.

I have a hard time understanding how a tradable could possibly be predictable based on seasonality. If that were the case, why wouldn't everyone "predictably" trade it - and get rich?

About Corn and Waves: EW tends to be of more value in *emotional* markets. I would imagine that during moves like the one Corn had this summer EW may have been of help.

One more thing - I noticed that often I do get better results with tradables about which I have no particular thoughts and - more importantly - no emotions. That was an interesting point - and - an interesting post.
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