correction getting much closer now., page-126

MrReinke - totally agree with that.
I base my stock choices on fundamentals, and then trade daily using technical analysis.

I believe in trends. I believe in self-fulfilling technical oscillators and indicators.

I believe in a time period for a market top and bottom, but not to the month/week/day/minute.

I cannot predict a long trend, but I can trade it. If that makes sense. ie: Difficult to see a market/stock which will gap down 3% from a week before don't you think?

ie: Did someone predict the Shanghai crash and its affect on the world? I'm sure you'll find someone who wrote that day in their diary. But it just doesn't happen with any consistency...

If it didn't happen like that, then 50% of the traders wouldn't be wrong during every trade (or close to 50%). ie: why would you sell if you thought a stock was going up, and why buy if you thought a stock was going to go down, yet every sale needs a buyer!!!

Something to think about.