Selfie Wednesday, page-12

Oscar is simple - mostly just flags and his "proprietary" moving average. But the simple stuff works best. I've never been keen on Elliot waves and other complex stuff like that, which seem ambiguous and open to interpretation. Regarding simplicity, last night nearly everything hit overhead resistance within a channel, except the DOW. Since the FA in XJO has been misleading, I'm focusing more on TA, and it seems to work really well, except on XJO. But maybe the world is becoming correlated to the XJO with yesterday's fall pre-empting falls in world markets overnight. What's the bet we see articles over the next few days and weeks to say that investment banks etc have somewhat delinked from the price of oil, which they should have done if they had any brains.