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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 (8370)	11/12/2005 11:11:40 AM
From: c-hl	Read Replies (2) \| Respond to of 12411

I make money on the down spirals too. Well, my feeling tells me that the up coming drop is very shallow. And the spiral may have a tough time. It does not work well in consolidation stage. But it always catch up big waves. As from my observation, when spiral does not work well, the price will go with the primary trend eventually. That is makes perfect sense because after consolidation, the market will move on. So if you find you have to turn the spiral back and forth in days, you may consider to stop that and just go with the primary trend.

To: Real Man who wrote (8370)	11/12/2005 11:46:14 AM
From: groundone1	Read Replies (1) \| Respond to of 12411

My words may be too hash:-p But I think the best way to profit is to follow. Of course, there are people who do make big profit on predicting, which is nothing wrong if one can control stop loss etc. However, I think it is hard to keep that way. Most people who did that eventually failed and fall hard as far as I know. In my feeling, if you follow the market without predicting, other things like profit target, stop loss etc. will be much easier to handle mentally. If you try to predict, there is always questions like when to take profit and when to cut loss -- which is really hard to manage IMO. well, if you follow the market, such things become simple and straight forward. Strictly speaking, people can argue spiral is also one kind of predicting. However, its rules are so loose(eg. market can either go up or down from here and the spiral theory is still intact.) thus I think it can last longer. OK, enough talk, time to head to the beach for my ritual spiral walk! Good luck to all!