confusing broken parabolics with a recession
#1
Posted 06 January 2007 - 03:52 PM
#2
Posted 06 January 2007 - 04:05 PM
~ Johann Wolfgang Von Goethe ~
#3
Posted 06 January 2007 - 10:24 PM
its really not a matter of "education", when i see a chart or comment more than 3 times in 3 different places, my contrarian radar kicks into gear, right now the idea of a "copper top" is quite popular with the scare bear crowd so on a contrarian basis its nothing to worry about unless your long copper. Same with the tonnage chart which is also making its rounds on the various sites i visit, just another prop in the scare bear fright fest.I'm clearly not as well educated on these matters as you. But what you say makes a lot of sense to me.
I'm afraid it goes to the idea of not only nowing what tends to happen first in the charts, but knowing WHY it's happening.
I've always felt that people who had a really solid grasp on what is going on in the economy and why make better technical traders. As usual, people who are willing to do the hard work, thinking, tend to get ahead?
#4
Posted 06 January 2007 - 10:32 PM
its really not a matter of "education", when i see a chart or comment more than 3 times in 3 different places, my contrarian radar kicks into gear, right now the idea of a "copper top" is quite popular with the scare bear crowd so on a contrarian basis its nothing to worry about unless your long copper. Same with the tonnage chart which is also making its rounds on the various sites i visit, just another prop in the scare bear fright fest.I'm clearly not as well educated on these matters as you. But what you say makes a lot of sense to me.
I'm afraid it goes to the idea of not only nowing what tends to happen first in the charts, but knowing WHY it's happening.
I've always felt that people who had a really solid grasp on what is going on in the economy and why make better technical traders. As usual, people who are willing to do the hard work, thinking, tend to get ahead?
that's exactly what happened sentiment-wise going into the May 2005 bottom in PM shares then WHAMMO!
PSYCH!
http://www.gold-eagl.../goldheart.html
I was following the above at that time and knew better.
Edited by Vector, 06 January 2007 - 10:36 PM.
#5
Posted 06 January 2007 - 10:42 PM
#6
Posted 07 January 2007 - 12:21 AM