The Black Box

[Dick Weigel]

wahz, I think that it's human nature to want to place too much emphasis on one (or many) indicator(s), whether that be RSI, VIX or a host of others. Ultimately, the market itself has to tell us what to do. Gary Smith in "How I trade" makes note of how indicators have failed often through the years and how the final arbiter for him is the market action itself. Speaking from experience, it is tough to put into practice and periodically the market has to wake me up with a figurative two by four by showing that a cheap price can be made cheaper and a dear one moreso. Not preaching here, just showing empathy.