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Strategies & Market Trends : Classic TA Workplace

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To: Shack who wrote (117553)4/25/2005 5:56:42 PM
From: illyia  Read Replies (2) of 209892
 
Now, Mr. "Clown-Free E-Wave" how can any of the indices just be in "anything goes" mode! Either E-Wave works or it does not. And, it does... we just do not understand all the rules yet!

Of course, I am biased in my assessment, as I only trade the INDU and XAU, both for time reasons (study takes time) and because I am trying to learn the machine, rather than simply profit (although I would not short my need to profit!).

INDU is not the crazy it is made out to be on this board. It is an old, dusty relic, to be sure. But it is also the most referred to relic around the world. There may be better indicies to measure by, and NYA may be one of the better, but INDU is a fine old port, not too dry; not too sweet.

It is a measure of what Mr. Market thinks of himself.
It is our corporate ego...

And, if that is true, NYA is just a more sophisticated cousin.

stockcharts.com[e,a]eellnyay[p][vc60][iub14!la12,26,9!ll14!lc20!lp14,3,3][J49634938,Y]&listNum=16

A hound from this point says much about America, our future and the outcome of many current events... as well as having clearer waves, eh? Of course, the opposite is true...

Peace, regardless,
i.
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