Advert, are you in the industry? Liked your logic but then came across the dreaded wave theory, which kinda negates your credibility in my eyes, with respect. Surely this thread isn't going down the tea-leaves path when there are better analyses around?
No wish to disparage personally, just have seen so many TA gurus selling books/seminars and ignoring fundamentals and news. TA only works because ppl believe in it, like a placebo.
that's ok, it's useful to me to estabish buy/stops, but please let's get away from disproven theories that are basically figments of some past guru's imagination, and stick to the real facts.
Again no wish to offend, just my 2c
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