Replies to post #8685 on MDA - Market Direction Analysis (MDA)

[LG]

gtober: I do not have the time to read Zeev's thread often and when I do, I have to surf it...gg

I did take a look at some of the message board Market Direction Prognosticators and this gap up today is likely a middle finger displayed in the direction of most. Of course, there are always a few that spin so much analysis every day, they have every which way but lose covered. To that I say, "what's the point"...LOL

Unfortunately, financial message boards have always been more about chest pounding and bow taking than about making money...ng

Good trading...

Regards,
LG

[augieboo]

GT & LG, here is a chart of an ominous (from the longs' point of view) possibility.



Notes to readers:

[1] Formation "measurements" are really just guesses;

[2] LG does not think that the H&S formation is a particularly reliable one.

[3] Conclusion: Apply salt liberally. {g}