monday trading, page-108

Nice discussion guys...but does it really matter. There are thousands of indicators, most of which are useful in very specific situations. Technically whatever gives an apparent trend is OK. Often it is the illogical in this game that makes the most sense. Struth I laughed when I first read on HC people postulating highs and lows based on moon dates, time angles and star signs. I am wait for the tea leaf readers to surface. But hey sometimes they have been right. Now I take them onboard, filter those with low past success and note those with higher probability. We live in a different time and space to the past yet we all see similarities to the past …isn’t that illogical!. The most interest conclusion I have made is that not many get it right, only the ones that give you 4 or 5 options…which is no direct indication of the markets’ move. So if you find three lines forward, two lines back gives you some sort of correlation then go for it.