JLS - Don't believe for a minute that I am a proponent of EW. I am more in the camp that believes as Newton did, that an object in motion tends to stay in motion, unless/until acted upon by an outside force (i.e. the trend *following* philosophy). It is analogous to driving at 60 mph by looking in the rear view mirror. As long as there are no obstacles or sharp turns ahead, you will be fine. It may be a matter of how you interpret and/or view the data, but anyone who claims to be able to predict the next market movement is drinking their own bathwater. However, that said, it is possible to take positions that are favored statistically from an historical perspective based on what the market has actually done. It doesn't guarantee that the market will react/behave exactly the same this time, but it is verifiably statistically better than a flip of the coin.
Kind regards,
-CAPT J
"What would you attempt to do if you knew you could not fail?"
