Defining Directional and Sideways days in advance...

Quote from nitro:

I am only commenting on the title of this thread.

IMHO, it is IMPOSSIBLE given our current level of understanding, to _predict_ anything about the market for more than about 6-10 minutes into the future.

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nitro

IMO it is impossible to predict WHAT market will do .
IMO it is possible to predict WHEN market will do something.
Walter
 
I agree understanding the market is difficult using reason. The charts are your only friends. I am very fond of the RSI indicator. The stochastics work well when going sideways in the 20/80 zones. here's a good example showing what a strong trend looks like.

http://share.esignal.com/groupcontents.jsp?folder=&picture=very_good.png&groupid=225

http://share.esignal.com/groupcontents.jsp?folder=&picture=0720spx.png&groupid=225

The attached chart shows the power of the stochastic indicator, IMO

~j
 

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