Quote from kut2k2:
A trend is a trend is a trend.
But the question is, will it bend?
Will it alter its course
through some unforeseen force
and come to a premature end?
-- Alec Cairncross
Tell that man to wake up!
Every market moves in the same fashion. Key word is fashion here. Visually it depends on the pace of of the movement. We can determine at the beginning of a trend how the sequence will unfold.
There is
No Such thing as an "unforeseen force". The markets are all
Predetermined!
Except when there's a news announcement, its movement will be disrupted, only to pick back up and start a new sequence. We know a news announcement is coming, so we prepare ourselves to catch to snake.
People need to wake up out of this collective coma on this site. Price always does the same thing. Only at times of no activity or extreme activity, things may tend to go a different way. For those moments we have a tool in our data set.
You can either use a tick chart or an interactive curve which shows you the disruption of the FUTURES/INDEX offset (best one is ER2/RUT) to determine price it's reversal point at times of extremely high pace (FED, news announcements).
Note: In order to
See how price always does the same thing,
To the tick, you must create reference points. These reference points have to be glued every time you draw them in. You must build you mind, and repeat it day in day out.
When you get past that phase, you will then notice that the markets are one big web, which all lead each other. Actually it's a matter of perception.
If one says that there's a market leading the other one, then he is correct. If one says no market leads an other, he is correct too. It's all a matter of perception.
If someone says Technical analysis works, he is correct. If the other one says it doesn't,...you get the idea
The only truth out there is your own thought. Do not ever let someone tell you you're doing it wrong. Think for yourself, instead of quoting a close minded person like Kutklootzak
