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I do not respond often. Don't have a great deal to add I suppose, but will
comment that your observations are indeed, for the greater part, a fact.
No indicator can absolutely predict future movement. There are no
guarantees. I must add, however, that thank God, for if there were there
would also be no market and therefore no opportunity
Jerry
>
> What I am saying is that any indicator is just going to tell you
> what the market has done. And, it's going to lag somewhat, so in
> fact, it's telling you what the market was doing a few bars ago.
> However, this provides no guarantees on what the market will do
> next. Expressed differently, if Greenspan has a bad day, and
> suddenly announces a rate hike, the market's reaction will not be
> influenced by how recently the 5 bar m.a. crossed the 21 bar m.a.!
>
>
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