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Hi Peter.
I am sorry that my message (The DOW30 scenarios) was distressed for you.
And I glad that you (as you wrote)
>"feel better now".
You wrote:
> But the best method to trade this market
> is simple trend following indicators and those indicators are pointing up.
It's not a fact. For example Bob Fulks <bfulks@xxxxxxxxxxxx> wrote:
> ... it is well known that markets trend some percentage of the
> time. If you have a system that makes money in trending markets, it
> typically loses money in non-trending markets with whipsaws. Call this a
> "one state" system that works in condition 1.
At the beginning of the last year we prepared to sale in october
(you remember the crash in Hong Kong) because Hong Kong was more than
40% of world's money-transit center.
And now:
Europe’s monetary union, if it is achieved, will represent the most profound
transformation of the international monetary system since the transition
from fixed to flexible exchange rates in the early 1970s.
It will compete with the erosion of American dominance and the dramatic increase
in capital mobility for the distinction of being the most far-reaching change
in the global monetary system since the Bretton Woods conference of 1944.
Economic and Monetary Union will create in Europe a new monetary actor with
an economic size roughly comparable to the United States and Japan, ushering
in a new era in international monetary relations. Nonetheless, while broad
interests coincide, the creation of the monetary union will pose challenges
to American, Japanese, and other non-European policymakers.
Europe’s monetary union could prove to be a difficult partner
in international monetary cooperation.
And what we'll do when "US dollars will return to America"?
You will "trend following indicators"? I am not.
Read again the book "The Alchemy of Finance"....
You wrote:
> I believe that folks telling us the market will turn at such and such a price,
> WITHOUT telling us what type of methodology they are using, are doing this
> forum a disservice.
Sorry again. I don't like a flame. That is my last message to this Discussion
Group
for some months. I am sorry, I am Russian :-)
When I was a child, my mother spoke me:
"Alex, you must sell results, not methodologies".
Sorry for my bad English. Good trading for you,
Aleks.
=====================================================
SP Broker1 wrote:
> Greetings RTers,
>
> I have been asked to be more detailed and insightful about the following
> statement that I made:
> "I think this thing (meaning the stock market) is going to go up until it
> stops going up".
>
> I posted this in response to a prediction that the market was going to advance
> to a certain level, then fall off to a lower level. I was not trying to be
> funny, or cute, or
> disrespectful to this forum. If any of you, my esteemed colleagues, took it
> that way, then I must beg your pardon!
>
> However, the point I was making is as follows. We are in such an OVERWHELMING
> up trend that someone trying to predict its end based upon
> whichever methodology they are using (be it Gann, Elliot, Astro, Classic Tech
> Patterns, bone throwing, etc) is almost doomed to failure before they start.
> The trend is UP. The trend will not turn down until it turns down. When will
> this happen?
> I DO NOT KNOW. Neither do any of you. But the best method to trade this market
> is simple trend following indicators and those indicators are pointing up.
>
> I believe that folks telling us the market will turn at such and such a price,
> WITHOUT telling us what type of methodology they are using, are doing this
> forum a disservice.
>
> Now I will sit down and be quiet. I feel better now.
>
> Good trading,
>
> Peter
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