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To: Jeff Jordan who wrote (418694)11/1/2011 10:11:13 PM
From: Rarebird  Read Replies (1) | Respond to of 436258
 
There is no one view that gives absolute knowledge of markets all the time; that's why there are alternate counts. What you call "scapegoat outs", I call acts of humility.

The key is to match market movement with a particular model. The more models the better. Some models will work better than others at times. It is the person behind the model that picks and chooses which model (if any) is appropriate to trade on. Judgement is key. Believe it or not, there are successful traders with successful trading platforms or models. But it requires time, lots of tweaking and a commitment to sit in front of a computer throughout the trading session (especially in a secular bear).

I don't like Bernanke or the Federal Reserve either. It's obvious who these dudes work for and where their allegiance lies. Secular bears are hard on most people. There are good times and lean times. Unless you are super pro who can mix and match manipulated markets with different models, you should sit out the bear phase and wait for the secular bull phase to feast on.