correction getting much closer now., page-149

Clark

Thank you for your advice. You missed one:-

The market is tanking - it dropped 10 ticks

I believe we share a similar trading philosphy. The lines on a chart may show you where to go, as they did with the ancient mariners, but the dont tell you about the storms on the way. I accept that trend lines and momentum indicators are useful, but you have to look elsewhere for the reasons the punters are panicing. On the other hand, I have great difficulty with crash predictions. I once attended a course on Gann analysis and after two days decided it was a whole load of bovine body waste and that I would have done better to have invested in a couple bottles of grange.

By the way I am a long term member of this site, but left it a number of years ago when the body waste became overwhelming. I recently returned out of curiosity and was pleased to see that nothing has changed. You have also confirmed that thought

Thanks again

JWM