Can we put to rest the whole US Job Gains narrative now?

You just want to rant. I am the furthest thing away from a Dem (or for that matter a Rep) cheerleader. Have at it. But if I was going to say comparatively X is better or worse than Y then I at least should know what Y is.

Also where did I say things were rosy. In my original post I said looking better at 11% - coming down from 17%. I also added but ... "at the same time it is approaching "support" which in this case is the opposite of the conventional interpretation" ... which means it might be approaching a point where it could turn and go back up higher. Rosy huh?
 
Did you apply a Gann fan to an unemployment chart?

Can you please tell me what the logical explanation for why U6 would react to support and resistance?
 
clacy said:
Did you apply a Gann fan to an unemployment chart?

Can you please tell me what the logical explanation for why U6 would react to support and resistance?
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I just throw it on there for the hell of it.

But actually technical analysis of any kind can be applied to any data - and will work about the same as on a tradable - 50% of the time.

BTW I don't for a second believe a market reacts because of a line - even the holiest of holy the 200 daily SMA on equities. But if a projection is made and there is a reaction well then.
 
SunTrader said:
You just want to rant. I am the furthest thing away from a Dem (or for that matter a Rep) cheerleader. Have at it. But if I was going to say comparatively X is better or worse than Y then I at least should know what Y is.

Also where did I say things were rosy. In my original post I said looking better at 11% - coming down from 17%. I also added but ... "at the same time it is approaching "support" which in this case is the opposite of the conventional interpretation" ... which means it might be approaching a point where it could turn and go back up higher. Rosy huh?
More...

Where do politics come into this? Did I accidentally call you a Democrat or Republican somewhere? I also never said X was better than Y. I simply said that 11% unemployment in a country like the US is quite telling. It was you who brought up other countries.

If you don't believe it's rosy, then great. I'm glad we agree.
 
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