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employment - never important


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#1 relax

relax

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Posted 04 May 2007 - 11:11 AM

I like looking at what data has an impact on our charts - which data causes a turning point in the market Of course it difficult to isolate the effect of a specific event as there are often many variables But the way I see it the so-called very importany pay-rolls data is not important for our charts The reaction is always modest - never a big move Many people here say they don't care about data - fair enough But this is a way of combining data and the technicals People are constantly looking for turning points for the intermediate term (e.g bradley) - well my point is that these turning points do not come from pay rolls data Draw vertical lines on your charts on the days of CPI and PPI releases and you will have a very good bradley sideograph Just a PPP/CPI sideograph Somtimes the turning points are bigger than other times (just like other models) but these figures set the trend until the next date Cheers!