It still works, I've been following it for close to 20 years. Keep in mind it doesn't work every night. It does work enough to give you an edge. The more you follow it the better you will get at entry and exits points.
When money costs you nothing all discipline is lost. This central bank has ZERO discipline. The central bank is crushing the weakest. Regular unleaded gas is now $4.30 a gallon. The average fuel tank capacity is 16 gallons. To fill a tank costs $68.80.... Rent in a rundown 1 bedroom apartment is...
We were in an uptrend with the FOMC showering trillions on the markets. Last time I look, we were trending down and the FOMC is raising rates and cutting QE. We are no longer in the type of market you loosely explained. Lord this place has gone down hill.
WARNING TO NEW TRADERS....there are...
The charts and data are correct, I think what you meant to say was your interpretation of the charts and data is completely wrong. But I'm going to let you make your case.
When you step into something be better prepared next time.
Over the past 20 years, I've learned that technical analysis is subjective. It all depends on the prevailing trend. Trade in the direction of the prevailing trend. Swim with the current. Look for chart setups in the direction of the prevailing trend.
Rising prices counter to the prevailing...
It is what it is, rising prices with lower volume is not the most bullish of scenarios. We want to see just the opposite. Rising prices with ever-rising volume.
I noticed the FOMC has not updated its weekly balance sheet trend. It's typically updated Thursday evening. Don't be surprised if they...