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This is unreal!
I just came back from a trip last night and I am presently going through
125 emails from the realtraders forum.
And all you talk about is if you like this author or that author or if it's
morally right to make money on a system or not, if it should be published.
If this or that trading system is good or bad, 10 rave opinions on Pete
Miner a comment that Larry Williams made money last mont etc etc etc etc
etc
I think I now have at least 10-15 opinions on if I should work on futures
exchange or not.
Not to mention the "interesting" discussion on "promoters". How many posts
have we seen on that one? I didn't count them but I think about 20 would be
close enough.
I did not see ONE remark or opinion on a a market! (Well, exept John
Dundee's pivot comment - thank's John, at least one useful item)
Bonds have just broken down from a Head and Shoulders pattern (with a
potential of $ 4.500.00 per contract if you are short and the projected
decline is fullfilled).
I have not seen ONE comment on the fact that (a quick glance on my charts)
Cotton, Copper, Silver, Gold and Corn (to name a few) have made interesting
bottoms or break-outs on, or close to, a Solar Eclipse and if we can draw
any conclusions on that.
Nor have I seen any comment on the fact that Light Crude Oil is forming a
falling Wedge (Bullish) while RSI and Stochastic is forming bullish
divergences and that a break above $16 would cause a breakout from the
bullish wedge. I have heard rumours (not on RT of course) that oil stocks
are performing very well, (I don't know I don't follow them).
Isn't it interesting that so many commodities seem to make a bottom while
Bonds seem to break down. Isn't anybody having an opnion on THAT?
Isn't it interesting that on a weekly chart Bonds, as published at free
sites by respected analysts like Robert Miner and Frank Taucher, seem to
have made a Top at what they consider to be Wave Five of five of five etc
at the same time the Cash CRB index seem to have made a bottom.
Isn't it VERY interesting that the April CRB contract on 2/24 when
retracing the 1/12-2/24 rise, closed to almost THE TICK (224.05 versus
224,078 , a difference of 0,028!!) at what I consider, perhaps the most
important Fib retracement level when it comes to Trend Change: 78,6%
(Square root phi 0,618=0,786). We have since had four powerful upmoves with
a gap up in yesterdays Cash CRB as well as a graveyard doji in the April
Contract.
Let's have some opinions on MARKETS for a while please!
It will be interesting to see how many comments and opinions my OPINION at
the beginning of this post will generate (not the market comments)......
Regards
Stig
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