Orbit; I haven't tracked the MZM, I look at so much stuff already
it makes me dizzy, where is this data and how relative is it
to what ? I do glance at the Fed action but that's just short
term stuff, I don't much get into historical pivot points being
written in stone over any great time span, to much is changing
as we go forward.
Generally some things just don't go hand in hand, like if
interest rates out run stock market gains the market will
retract but I don't see how we can mark a point X as some fixed
point as every thing is in motion, and point X has to move
too.
It's the reason E-wave TA breaks down over time, taht and
E-wavers seem to use an index as places to get a fix from,
while that may be OK short term, I've done enough work on
indexes to know that major market peaks are not where or
what they look like via an index. (1 it depends on the liquid
level inside the index which is always changing ), and the
value of the currency outside the index which is also changing,
it's a damm mess to even try to keep up with a small part
of it but an index does not tell market highs , or lows
very good, an index is itself more smoke and mirrors than
meets the eye.
I'm swinging my focus on the Naz100, as I think I can track
her well enough to stay reasonably ahead or close to her curve.
I had a Buy Friday, and Sell Today, & well I had a sell yesterday
on the S&P , but I hope to trade the Q ( Naz100)
when it starts, and forget most of the other stuff.
Indexing has beat 95% of the stock pickers all to hell,
and I think the Naz100 will make the best one out of
the bunch to buy/sell/or/short.
I would look at your MZM chart if you give a link to it,
I'm sure it would be handy in short term calls, which is about
all I can do , and then only about half the time.
Jim
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