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Interesting, but again, discretionary or system trader ?
--- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS <TSOKAKIS@xxxx>"
<TSOKAKIS@xxxx> wrote:
> I was a bit anxious to see ^NDX breaking its recent support line.
> One of the basic characteristics was apparent today.
> Below the support it is easy for the market to erase early gains.
> This is the way the support becomes gradually a resistance.
> We need some further evidence:
> When the market will go lower and will attempt to reach again the
> support/resistance level.
> In the lack of success, the market should find new, lower
equilibrium
> areas. The lower we go the more uncertain.
> With this "simple" mechanism we see new LLV for more than 3 years.
> The end of this procedure is not visible [for me]
> Shall I spend some money to buy new glasses ?
> Shall I trust the next fib level ?
> Shall I decide for some Elliot subwave 3 of wave 4 as an
alternative
> of subwave 5 ?
> Shall I trust a great automatic trading system with great profits
in
> the past ?
> It is better to know BEFORE.
> After the turning point, EVERYBODY will find the reason.
> I have to know before.
> And, it is not the easiest thing in the world.
> Dimitris
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