T/A ETF AND INDEX

[POKERSAM]

MONGO - The problem with S&R, patterns, and moving averages is their inherent flexibility, and their frequent updating, makes them more of a concurrent indicator than a forward-looking indicator.
S&R lines sometimes hold and sometimes do not and you have to constantly adjust the line.
Only a percentage of patterns play out and when they do not you have to look for a new one. For some people they see a pattern everywhere. For them it is like seeing animals in the clouds.
Moving averages always change after the price changes so they do a poor job of calling turns. If making money in the market was that simple everyone would do it.
What it boils down to is looking at everything, including fundamentals, then making up your mind and going for it. Some are better at this than others. Some need to be satisfied with doubling their money every 3 years, others are not. If it was easy everyone would do it.