back to positive trading, page-75

Again, I'm no expert, but it certainly looks to me like someone is trying awfully hard to make it look like the sky is falling.

I often wonder how much of a self fulfilling prophecy is charting.

So many people look at the charts and see a setup forming, and then by the very process of observing that and acting on it begins to create the result the chart was indicating. Once it begins it snowballs with others reacting to it until the result becomes what the setup indicated. Once that has occurred it creates a new setup which with a little push of the snowball then fulfills itself, ad infinitum.

Does that make sense?

The clever ones are those with the knowledge and position to give the snowball a little nudge at the right moment.

Crowd mentality at it's best.

Cheers