Short Term Trading Member Forum

[Blackbelt1]

Cash, excellent post. However, in terms of predicting short-term market moves, all this analysis is not particularly helpful. For example, the 10-day and 20-day moving averages on the $CPC were about where they are now just prior to the declines into the 80-week low during the summer of 2004 and into the 40-week low in the spring of 2005. In other words, major market declines can and do occur even when the little guys are bearish.

BB