look it's my interpretation of the index charts the bullish percents and how they are formed and moving up together, or down...
when a BP gives a "buy signal" like they all have recently i check the index charts of course. those buy signals are double tops buys that show demand in control so the risk is better on the long side then short...
this to me is what P&F is all about...supply and demand
so how i use them and what makes me long since the March lows right thru this date is my specific reads on all of this stuff together as a whole
i have no quarrel with you or any one...my smart ass days are long gone...
i'm way too happy right now to argue with anyone...
in it you asked me questions about BP's and such...
the problem is you're a conventional reader of charts, i'm not. we've always had fun with the TCI indicator but truly if you or anyone else faded me they be dead broke.
the missing link in your chart reads and in "other" chart readers reads is market sentiment. the missing link if you will
the streets mindset is where the true value of this rally is hidden. we all read charts, but many fail to understand it's not just the numbers or the indicators.
and let me say right here and now i "do" use BP's as market indicators of the markets direction. They are showing us the money...combined with candlesticks and other sundry tools i use, i called the March lows and this rally almost exact.
you asked me over on the Traders Coop trend "so where are we going now"? i told you exactly what i expected, and Opn that's exactly what happened
did you ever say nice calll? Wtg Jerry? Nah you're just lurking around trying to "catch me" on some such sundry point that YOU think is not correct.
but it's not about you Opn...my reads are mine, they work for me..what you do is your biz...
now i have you off ignore and so do you with me...let's keep it civil..
i'm way too happy in my life to argue with anyone
i think the long in the tooth TCI indicator needs an overhall by you and your trading buddies
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