John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (13982)	4/4/2013 8:46:03 AM
From: Yorikke	4 Recommendations Read Replies (2) of 33421

I have nothing against TA. My statement was that in an environment like this I don't see how anyone can view TA as really reliable. TA was invented when we actually enjoyed some degree of free enterprise. Now is just the product of the goverpporate need to feed the power elite. If you add a packet of sugar to batch of beer every day you get a lot of froth, and one might be tempted to say that everything is working just fine. But sooner or later you can not add any more and doing so makes the whole brew toxic. At the rates that the government is adding cash it looks just like that batch of beer. You can play the marginal game with TA and I'm sure you will find some value in it. The machines use it. But these are not markets anymore. Its just a giant Casino and they are giving money away to the whales as they come in the door.

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