XSO 0.01% 3,065.1 s&p/asx small ordinaries

The Brains Trust - 2021, page-666

  1. 8,612 Posts.
    lightbulb Created with Sketch. 424
    someone i tend to agree with has this to say..........

    i guess after him being a trader for 46 years we should listen................

    and, i must admit, as only being relatively new, i'm seeing the same kind of thing.............

    from Peter L Brandt.............

    I am NOT a believer in being a chart-book economist seeking multi-market narratives

    "If market X does this, then market should to that and market Z should do such and such."

    This thinking is utter nonsense for swing traders. Instead, judge each market on merits of own chart.


    Through my 46 yrs. trading I have seen MANY sacred correlations come and go

    Gold v. Yen or USD or stocks
    Silver vs. Gold
    Interest rates v. stocks or Gold
    BTC v. whatever
    Et al
    When these correlations come to an end, they often end dramatically
    Study each market with its own chart




    https://mobile.twitter.com/PeterLBrandt/status/1368587288930828288
 
watchlist Created with Sketch. Add XSO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.