Friday, May 06, 2005 8:29:55 PM
You know I like this board. Makes me think! Thanks all.
OK, Who was the one that posted about a long look weekly view the other day?
That has been in the back of my head since then. Kept saying to my self, why would he look so long out? This is dame penny, who cares what happened 2 years ago!
But got me thinking, it wasn't what happened then, but what has happened since. What TA is all about. History repeats.
We have all been narrowing and narrowing our charts and indicator numbers to see what will happen tommorrow. Well and good, if your holding a short position. Seems we have been caught up in hitting the next move more. And can't see it short.
The narrower we go, the more we miss. I'm harping on one week triangles and some are harping on how accurate the shorted aroon's match daily moves. But we're at a point that there is no trend, no volume, and no real way to predict what will happen next, because we're looking at Gtel in a microscope now.
Lets take a step back guys, and look at the over all picture, for the next move. Are there 1 year or 2 year charts indicators and chart patterns that compare to the ones happening short right now? Then see what happened, after that time then. The POP we've been talking about.
I did a quick look and found cycle lines between down lines and up lines, slowing, on the arron, and the position of the DMI+ and ADX closly matching a period back Jan 2004 to May. At which time there was a last 20% pop before the long walk down to the end of 2004. This POP is what we've been talking about, but not seeing. Now look at it, first week of May 2004.
Going to spend more time on this over the week end!
OK, Who was the one that posted about a long look weekly view the other day?
That has been in the back of my head since then. Kept saying to my self, why would he look so long out? This is dame penny, who cares what happened 2 years ago!
But got me thinking, it wasn't what happened then, but what has happened since. What TA is all about. History repeats.
We have all been narrowing and narrowing our charts and indicator numbers to see what will happen tommorrow. Well and good, if your holding a short position. Seems we have been caught up in hitting the next move more. And can't see it short.
The narrower we go, the more we miss. I'm harping on one week triangles and some are harping on how accurate the shorted aroon's match daily moves. But we're at a point that there is no trend, no volume, and no real way to predict what will happen next, because we're looking at Gtel in a microscope now.
Lets take a step back guys, and look at the over all picture, for the next move. Are there 1 year or 2 year charts indicators and chart patterns that compare to the ones happening short right now? Then see what happened, after that time then. The POP we've been talking about.
I did a quick look and found cycle lines between down lines and up lines, slowing, on the arron, and the position of the DMI+ and ADX closly matching a period back Jan 2004 to May. At which time there was a last 20% pop before the long walk down to the end of 2004. This POP is what we've been talking about, but not seeing. Now look at it, first week of May 2004.
Going to spend more time on this over the week end!
Success !!! 
http://www.investorshub.com/boards/board.asp?board_id=3972 Welcome to my mind!
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