friday trading, page-81

rebel8

I mean not good in the sense that the majority view is seldom correct.

In a few posts after yours, Zanzibar suggests a rally before a new low.

Maybe, but you can almost bet, that even when we "experts" on this forum agree, we will be wrong.

If we now start to get mixed ideas or convinced of a rally then the market might fall, lol.

I can't be sure who it was, 40cents or another that always seeemed to oppose the mainstream view at critical times and was usually correct.

Its always hard reconciling the views of the "experts" here with what the overall trading public are thinking.

I would of course recommend the former, but at the same time, complete agreement here is seldom born out.

By complete agreement I of course include myself, so I can be very wrong.

The simple antidote is that when any group is assured of a result, then they may be correct if they are the informed ones, but be cautious.

Likewise I love indicators when they are close to reversing. As they are about to say go from neg to pos, then I add to neg positions. If I am wrong then I suffer a small loss. If the market continues its trend then I have achieved the ideal entry point.