Papa, I would tend to agree.
There is also an Oil & Gas Conference in Denver this week that is causing some "nibbling" at these lower levels, as well. Here is a schedule of presenters and their times:
http://www.theoilandgasconference.com/2008_presenter_schedule.html
You are indeed clueless.
Tons of 61.8% retracements recently in the SPX . . . the move down to 1235, the move up to 1291, the recent move down to 1264 before last Friday's explosive move up, etc.
If the BULL is any good, a "coiling" 1, 2, 1, 2, 1, 2, should be taking place . . . Could simply be playing "possum" here and sucking in more shorts . . .
Be patient LONGS.
No one is here claiming that TA is "religion". Those are your words.
It is a METHODOLOGY that helps identify the trend, which one particular person on this thread continually fights, and then spends his entire day on here taking "comfort" in posting one "cut and paste" article after another...
Just about everyone is PRO now.
How else would you expect them to survive in all of those years of training leading up to the Olympics?
It's not just Kobe or Serena.
It's just about every single Track & Field athlete, Swimmer, etc.
As for the process of "selection" and then being...
Bstay, I have a trusty old Dell 8300 Dimension as my back-up to my Dell T3400 Precision Workstation.
I have Windows XP Home on it and 1 Gig of RAM and a bigger power supply unit ( PC Power & Cooling Silencer 410 ).
It runs great!
I would suggest that you stay with what you have, and...
With all due respect, the problem with your analysis ( and why commodities need to head a lot lower in order to create what you label as a "real" bottom ) is that you cannot even begin to compare the amount ( and character ) of current players in the commodity markets to that of the 70's...
Make no mistake about it . . . If the Russians gain control of the BTC pipeline, this will ultimately help them control the flow of oil into Europe.
This pipeline was built by a consortium of parties to CIRCUMVENT the Russian grip on oil to Europe.
It sure looks like this could very well...