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[amibroker] Re: Below the support line



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Fred,
personal questions will not help the situation.
It is not black or white and, above all, it is PERSONAL.
Any ideas for the subject appreciated.
DT
--- In amibroker@xxxxxxxxxxxxxxx, "Fred <fctonetti@xxxx>" 
<fctonetti@xxxx> wrote:
> 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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