I am once again reminded of Joe Granville's admonition: "News is for chumps."
On this chart, the cci has put in an uncharacteristic complex top, so things are - or have been - a tad different this time.
QQQQ / VXN
Started by
selecto
, Aug 05 2007 09:54 AM
1 reply to this topic
#1
selecto
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Posted 05 August 2007 - 09:54 AM
Many of the internal studies that I like have us at extremes associated with lows, or are zoned. Yet the noise is so bearish.
I am once again reminded of Joe Granville's admonition: "News is for chumps."
On this chart, the cci has put in an uncharacteristic complex top, so things are - or have been - a tad different this time.
I am once again reminded of Joe Granville's admonition: "News is for chumps."
On this chart, the cci has put in an uncharacteristic complex top, so things are - or have been - a tad different this time.
#2
traderpaul
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Posted 05 August 2007 - 10:06 AM
You said the noise is bearish....yet every John, Harry, Joe and George is looking for a bottom....How many posts show the word bottom?......Oscillators are great in a sideways and slow trending market.....Useless in a emotion market.....After a few years of bull market, they don't know what a bear market looks like....
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay
