2 replies to this topic

[OEXCHAOS]

Folks, I wanted to offer up one important sentiment insight here: Don't fade solid, basic TA right now. I know, you'll hear folks talking about obvious levels or you'll see them, but in this type of market, "Everybody" is a technician. All sorts of obviously resistance levels will work surprisingly well. When folks settle down, you can fade them, but right now, give them a little bit of respect. Mark

[sglasson]

Folks, I wanted to offer up one important sentiment insight here:

Don't fade solid, basic TA right now. I know, you'll hear folks talking about obvious levels or you'll see them, but in this type of market, "Everybody" is a technician.

All sorts of obviously resistance levels will work surprisingly well. When folks settle down, you can fade them, but right now, give them a little bit of respect.

Mark

Is sentiment considered solid basic TA? thanks

[OEXCHAOS]

Good question! I dunno! I would posit, no. So few get it anyway. It's also not fast enough in this market. Just watch obvious support and resistance (like everything died at fibo resistance), major trend lines, and the like. You should get at least a reaction to such. Mark