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Strategies & Market Trends : Longer-Term Market Trends

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To: AllansAlias who wrote (181)	4/8/2008 1:02:43 PM
From: Galirayo	of 3209

I will humbly and respectfully disagree. >>I expect they don't know what the indicators are designed to show or the math behind them.<< Care to hear some of my "Deep Thoughts" lol The best indicator I've found is the Aroon. That being said may I expound or paint with a bigger brush? Indicators are all flawed as they were written by humans. We have created nothing that is perfect. These indicators are based on past history or performance and are unable to predict future events. Even Elliott Wave is imperfect. If EW was perfect it would predict the current wave before the formation of the current wave. As we look closely at this moment in time we really have no clue if we're in a Letter like a C or a Number like a 3. Only as the wave evolves will we actually know and we will only be certain "After the Fact" .. and at that point in time we will look back with 20/20 Hindsight and say ... Yes it must have been a 3 or a C or it was just Jello. Or it's a C until it reaches this previous Pivot Point then it must be a 3 and so on. The entire question that remains is ... is it the Indicator that is flawed or the Chartist? Reading a Chart is not Etched in Stone it is an .... "Art". Some folks read charts much better than others based upon past experience or Past History. So that bring us full circle or full cycle. It's "all" based on Past History. Let's take it to another level, if I may. I view charts as if they are a ... lets say a Car that needs a Brake Job. I have compiled by 'Trial and Error' [or Past History] and previously used all the tools in my Tool Box .. and now I just gather the ones I know I'll need and begin the work. However the last time I did a brake job was 2 years ago on a different car. Now I need a Different Tool and I can only get so far in the completion until I go and get another Tool. Next time I'll carry the entire tool box because Not one Size Fits All. That is why some folks use a ton of Indicators. I rely on my Favorite Indicators .. and check others .. I do understand the ones I use ... their Formulas and know what they were designed to accomplish and why. I'd be foolhardy to attempt a Brake Job with just a Crescent Wrench. I want the Entire tool box with me .. whether I use all the Tools all or not. I'm always looking for the Perfect Combination or at the Very Least .. The Best fit. And I continue to dig deep into the box when I have a Tool that seems to be the improper fit. More Later on Specifics if you like. And you are most certainly correct about indicators not working perfectly because of the way they are defined and the instructions for use are not always effective. Those are just basics. I don't think the person who developed a specific indicator divulges everything about it. There are alway little nuances that are discovered thru repetitious use. The more you use the same Tool the more you understand how it's 'Really Designed for Use'. You understand the Tidbits or Shortcuts that were not in the directions / instructions. And the more comfortable you feel with it. Man Made Computers are far from achieving ... "The Art" of Chart Reading at this Juncture in Time. They may be someday soon though thru the Evolution of the Theories that can be combined and built upon exponentially. jmho

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