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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (71272)	6/27/2005 1:23:01 PM
From: Real Man	Read Replies (1) \| Respond to of 94695

Gann stuff is close to EW stuff. These guys did not use Fibonacci, but were close. Modern wavers do use Fibonacci. So, I do listen to Gann's reversal patterns, but only if other things, such as trend lines point in the same direction. I may be wrong, but somehow my hedge fund friend got me convinced that trend following strategies (forks, trend lines, channels) are most profitable among hedge fund black box models, options selling excluded. Recent selling began perfectly where it should have - Fibonacci retracement (DOW), and a broken uptrend re-test! Nevertheless, watching ticks in these markets leads me to believe they are likely strongly manipulated. Now, manipulation is supposed to be part of TA, and supposedly the market forces should prevail some day. On the other hand, bonds are strongly manipulated by the Fed on the short end, and are never a free market. So, if the Fed decided to manipulate stocks, it could do so. IT is prohibited to do so by the Federal reserve act, but who knows? It is hard NOT to see elephant tracks in the trading of stock market indices, but I sure have no idea who that is.