MDA - Market Direction Analysis

[deuce bigalow]

Today, the only certainty is that . . . <<<

i guess that 'certainty' terminology was the deal killer, because very few people are certain at great all time tops or all time bottoms going against the crowd and those certain few were soitionly wrong a number of times before the turn, woob woob, woob.

prechter tries to be too much of a philosopher and big picture quant, the simplest thing in the markets is the 10,20,50,200 dma, if your taking a position against those trends, your chance of being wrong is much larger than your chances of being right. - his ST service is better at trending following.

wild ass predictions about the future, usually make you a wild ass idiot, i read that interview, the sentiment was indicating we were nearing a bottom then, and prechter's proclamation was part of that mix, now the sentiment is completely the reverse of that, the poor bears don't know waat hit em -g-

prechter did call the great bull market in the late 70's though, i believe in 78 he posted a chart showing the dow breaking out of the trading range with a parabolic upmove, but that was 4 years before the turn.

I nibbled a bit long at the close, to see if my range theory holds true, we'll see.