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!
employment - never important
Started by
relax
, May 04 2007 11:11 AM
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