You made me realize I missed one... 9/1932. It's also on the chart. 91% from the bottom in two months. Those were heady days for bulls.
Thanks for the chart...pretty amazing...
Posted 19 July 2009 - 03:22 PM
You made me realize I missed one... 9/1932. It's also on the chart. 91% from the bottom in two months. Those were heady days for bulls.
Posted 19 July 2009 - 06:06 PM
"I see TA stuff on here that's well above anything I've ever concocted".....i guess you aint seen the REAL stuff yet
Posted 19 July 2009 - 07:01 PM
Posted 19 July 2009 - 09:38 PM
That's my reaction too.IYB seems to have a bias for the first time that I've noticed since I have been on the board.
Posted 19 July 2009 - 09:47 PM
Posted 19 July 2009 - 10:12 PM
Tisk, Tisk, you should be working for that all day Wall Street infomercial station with your ability to take things out of context like they do. The operative paragraph to my post began...gonna be a lotta splaining to do.......but they can allways blame it on that black box or those powers to be.........snort
Edited by milbank, 19 July 2009 - 10:13 PM.
"The power of accurate observation is commonly called cynicism by those who have not got it."
--George Bernard Shaw
"None are so hopelessly enslaved as those who falsely believe they are free."
--Johann Wolfgang von Goethe
Posted 19 July 2009 - 11:32 PM
Bias is never justified.That's my reaction too.IYB seems to have a bias for the first time that I've noticed since I have been on the board.
But maybe justified.
Posted 20 July 2009 - 12:09 AM
Posted 20 July 2009 - 09:51 AM
That's my reaction too.IYB seems to have a bias for the first time that I've noticed since I have been on the board.
But maybe justified.
Posted 20 July 2009 - 09:59 AM
Bias is never justified.That's my reaction too.IYB seems to have a bias for the first time that I've noticed since I have been on the board.
But maybe justified.
The most dangerous four words in trading are "this time it's different". Lately I'm hearing it every which way I turn. I continue to resist the temptation to believe that what has worked in the past won't work "this time" because ....fill in the blank.... the printing press, the banks, stimulus, yada, yada, yada. I hear it here, I read it in market commentaries, I hear it from the media, and it seems to become a sticking point for arguments on FF. "Forget about the declining 50 week or 13 month moving average because this time its different. Don't you see that the Fed is printing money like crazy?"
Having a set of trading principals and sticking to them is not bias. I am using "bear market rules" in what I read as a bear market. Belief that a new bull market will come from a market that has build a base for a sustained advance is not bias. That is being true to my own trading rules.
There is no guarantee that I will be right. But I will be consistent. And if wrong, I'll be wrong sticking to principals I believe in, and will get turned around, absorb the loss, and move on. 'Nuff said.
D