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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?


To: Real Man who wrote (8368)11/12/2005 8:06:57 AM
From: groundone1  Read Replies (1) | Respond to of 12411
 
I guess you haven't figure out that:
Right prediction != make money.
Follow the spiral with no prediction == make money.
Using the spiral to predict the market is simply wrong too.
Market can break the spiral wall at anytime.
I strongly suggest you get out of the market. Your mentality will
prevent you from making money:-p
You, the perm bear, simply come and try to use spiral to justify your bearish view -- which has root in your body for years.
This is a mis-use of spiral.



To: Real Man who wrote (8368)11/12/2005 11:05:37 AM
From: c-hl  Read Replies (2) | Respond to of 12411
 
The spiral never predict where the market should go. It just gives where you should long or short. It is a great tool, but I find you should not think too much if you use it. It hurts ur judgement.

As happened in Aug. when the down spiral had a vertical level at 1120, I said there was no way that SPX would go there. The reason was very simple, that kind of drop would mean bear market. The simpliest reason ususally is more covincing than anything else.

I am not good at fundamental analysis, so I can not bet anything for long term. Usually seasonality, cycles, momentum should be good enough for u to make judgement. Another one is what NYTT has been talking about, chart pattern comparison.