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Non-Tech : The Woodshed
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To: nspolar who wrote (1422)2/27/2004 5:19:43 AM
From: crustyoldprospector  Read Replies (2) of 60914
 
I look at the Bradley with some serious interest. I've seen those major turn dates work out too many times not to take it seriously. It's a good tool for trying to pinpoint when a turn in a market may happen and, used in concert with momentum and sentiment indicators, can be powerful.

Also, I've found that it is unwise to fight a major IT trend in the Bradley. For example, the current one had a major turn in early December that lasts until late April. Gold has been volatile with a down bias since early December, so odds are that action will continue, suggests the Bradley.

Yesterday was a decent ST turn in the Bradley, and although those dates do sometimes signal significant turns in markets, they are less useful IMO.

Regards,

crusty
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