Posting a lot of dry technical analysis is something I consider a waste of time... continually updating a down move blow by blow, tedious. Trying to pick up moves based on charting... a losing game dictated by the average of winning trades that a person can make when the broad tide is against them...
I'm not an expert... I have a thick skin listening to the talking heads who make all kinds of evaluations that trap the inexperienced into buying the illusion. I am often absolutely amazed at the amateur commentary put in the media, and how it is often so contrary to what I'm seeing in the charts.
A person really has to learn to see through the inept expert commentary from people who's only credentials are... they have the job to be a talking head
.
The last portion of the comment above is taking aim at the most likely reason for many people who report a lack of success using charting for picking up moves in down market.
In a down market... bullish indications are nothing but bull traps for unsuspecting bulls.
Even though I have a great interest in the subject of online trading... the action is where everybody in the know wants to be. Saving the chatter for the right time keeps the train of thought focused (in a contrary way) as the eye of the storm passes by. The posts leading up to this point don't have a huge gap of chit chat burying the posts that really count.
Having said that is an attempt to justify the void of posting where the idea of keeping the train of thought is front and center.... not losing sight of the moves with the journal of action up to date to the time of the broad market down move leaves the continue episode of the summer doldrums cycle still only a few pages separated from posts that will start to pick up as the middle of August approaches...
Time to start looking for bargains...
A caveat thought though... Now the Us is flirting with default... the press is playing the hopelessness of the situation... with a solution at the last second unknown... be prepared for an illusion bounce as the Obama white night syndrome plays out... or the final fork in the side that is the true act of capitulation we have been waiting for.
The beginning to the middle of August would be the time I would make the play to manipulate the market if there was any truth to the consortium of conspiracy theories commanded by those who have the power to....
Double bottoms on the index charts please.
GLTA Lostoutwest
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