In addition, I discussed what a good closing it was for financials on Fri. Here by example is a screenshot of Wells Fargo this week. Note how Monday's closing and Friday's closing were exactly the same indicating that WFC out performed the market and dropped zero percent over the last 4 days. Not all banks are performing that well, but some are and this is a great sign for this market.
ES Journal - 2019/2020
- Thread starter Buy1Sell2
- Start date
- Status
B1, you need to answer this question to yourself, last year your bias was wrong, this year it's wrong, what has changed to your methods to make a difference?
Your 2 examples above again smack of selective bias, cherry pick something, then zoom in a few days to give a long term prognosis or prediction.
A bottom occurs when a trend has changed, traders get their accounts scorched when they attempt to front run a signal because they operate from "I feel".
Here are two bank indexes, $SRFI looks to be slowing, but that means nothing, 'slowing' does not mean trend change.
Your 2 examples above again smack of selective bias, cherry pick something, then zoom in a few days to give a long term prognosis or prediction.
A bottom occurs when a trend has changed, traders get their accounts scorched when they attempt to front run a signal because they operate from "I feel".
Here are two bank indexes, $SRFI looks to be slowing, but that means nothing, 'slowing' does not mean trend change.
What's burning on my mind is why he was such a staunch permabear all those years when the market was going up but decides to become a turncoat just before the market top. Seriously, am I the only one who's completely baffled?
He's a troll, pure and simple. No real trades, no money on the line. He probably doesn't even golf.
Sad, really.
I'm here for the entertainment so it doesn't matter that much.
The shop is closed. Where you getting this from?
- Status