On a side note, Tradestation's constant volume bars are not REALLY constant volume bars. There is a thread here from some poster named ProfLogic--or something like that--who goes into detail about that.
Yesterday this guy starts talking about what investors want to believe versus reality and just 10 minutes ago this chap says he uses technicals to enter and exit his stocks. I'm telling you they get their ideas from ET. I listen to bloomberg just to have background noise and pay attention to how the news and upgrades and downgrades are timed with what's showing on the charts. Very eye opening.
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They are simply lifting what wave is saying and reporting it on Bloomberg.
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They are simply lifting what wave is saying and reporting it on Bloomberg.
Stopped out of my long position at 1485.75. +4.5 on initial position, -1 on add-on. I'm now flat, and will stay flat until I can get a handle on what's going on.