prepare for us low, page-107

As far as I am am concerned Robbbbbbb has the correct approach for me.

It is all about trading and that is all that matters for most of us here.

I think the argument that TAers have always put up is that, by the time people understand the fundamentals, it is all too late and the market has left you in its wake.

It is my opinion that when we argue over fundamentals or future fundamentals then we are in danger of falling into the same trap we have despised and only using it as a justification for a once technical position.

I find it informative that a bit of a battle is ongoing here on this XJO thread about where the market is. Can I suggest that is healthy, but also indicative at best of choppiness but not of a bottom of any consequence.

I know it is easy to pull out a chart to justify a view, and I am about to do it myself, lol.

I posted some charts a few days ago suggesting SPI action is unusual for a bottom.

Here are two more charts.

The first indicates TRIN readings are closer to a top than a bottom.

The second shows that US shares are not cheap but in fact very expensive on a PE basis. (maybe this is fundamental not TA, lol).

The second suggests that this has years to unwind and surges and falls aside, it is unlikely buy and holders will benefit for many years.