Posted 03 March 2018 - 08:20 PM
I trade off intermediate (weekly) and daily chart work. (I don't trade like the majority here do, I hold for days to weeks). I currently have an intermediate and a daily sell signal, but as NAV posted in another link, if they rally it Monday, my daily could turn to a buy. My monthly chart is forming what appears to be a major top. (The indicator is very useful for a 401k/IRA timing methodology).
Anything can happen...what's happening now?
No one can forecast the future. No one.
"Again, this is all based on some trivial elementary school arithmetic."
(The individual in the quote was giving his opinion on TA...way too funny
That comment made me smile and spit out my coffee)
“To speak out against the madness may be to ruin those who have succumbed to it.
So the wise on Wall Street nearly always remain silent.
The foolish have the field to themselves, and none rebukes them.” (J.K. Galbraith).