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If your point of view is misdirected, at least you write well.cougar wrote:Good Morning !
Now everybody knows that the uptrend is going to die on Tuesday or Wednesday. Thus, charting the recent moves of the market seems to be a superfluous exercise…
Reminiscent of the “Crónica de una muerte anunciada”, the future has been foretold. Like in the story of García Márquez, where the murder of Santiago Nasar was predetermined by an inexorable fate, we already have culprits: the New Moon, several astrological “turn dates“, the bernank who will give no hint of QE3, Greece who will defect and leave the Eurozone and AAPL who will miss expectations.
On top of that, the highly respected Tom Demark has given a similar verdict with a precise top/target area (see his interview on Bloomberg’s Channel).
This, obviously, bothers me… Too many converging but questionable predictions creating a consensus... Markets do not move according to popular vote. If they were, the herds would be making money and the real wizards would be losers.
On this chart, nothing dramatic, until we see converging Stochastic Indicators and a long yellow down-bar.
Turn date? maybe--but first can we please just have a bad day or two and hit the daily 20 emas? Cougar maybe right--but the exact focus on tuesday means it could be say mon or friday which would invalidate everyone's opinion but (to me at least)not the overall idea. despite the fact that i have been/am looking for something near the end of next week or start of the following I LIKE COUGAR'S POINT and i was one of the guy posting tue was a cluster of events--now we have the state of the union on tuesday too.57chevy wrote:If your point of view is misdirected, at least you write well.cougar wrote:Good Morning !
Now everybody knows that the uptrend is going to die on Tuesday or Wednesday. Thus, charting the recent moves of the market seems to be a superfluous exercise…
Reminiscent of the “Crónica de una muerte anunciada”, the future has been foretold. Like in the story of García Márquez, where the murder of Santiago Nasar was predetermined by an inexorable fate, we already have culprits: the New Moon, several astrological “turn dates“, the bernank who will give no hint of QE3, Greece who will defect and leave the Eurozone and AAPL who will miss expectations.
On top of that, the highly respected Tom Demark has given a similar verdict with a precise top/target area (see his interview on Bloomberg’s Channel).
This, obviously, bothers me… Too many converging but questionable predictions creating a consensus... Markets do not move according to popular vote. If they were, the herds would be making money and the real wizards would be losers.
On this chart, nothing dramatic, until we see converging Stochastic Indicators and a long yellow down-bar.