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FWIW, my work shows the period from 10/11 through 10/18 to
represent the granddaddy of all energy clusters. Short term it
looks (to me) like tomorrow and/or Friday is/are down day(s) but
my signal generation system is still ambivalent and has not even
generated a signal alert, much less a signal, for this time
frame.
Ned Markson
http://users.erols.com/cnedgo/
mark_baze@xxxxxxxxx wrote:
>
> Hello Realtraders,
>
> Just thought I would interject something here. First of all, I'd
> like to say that I don't have any preconceived bias one way or the
> other regarding market direction. I adhere to the trading philosophy
> that no matter how low the market has gone it can always go lower,
> and that no matter how high the market has gone it can always go
> higher. I believe that price itself determines what the market will
> and won't do, and the S&P futures system I trade goes long or short
> based entirely on price (actually, I have two different
> brokers "autotrade" my system for me to completely remove any
> directional bias I might try to impose on the system). My only
> personal bias is that I'm always hopeful that the market will
> continue to trend in the upward direction over the long term so that
> people's retirement accounts are not hurt at a time when they need
> the money the most.
>
> Having said that, I don't think it serves any useful purpose for
> posters to be making comments about every plane crash that occurs in
> the world, or about every other seemingly negative or "scary" bit of
> economic news, or what have you. I imagine that at least one plane
> of some size or another probably crashes somewhere in the world
> everyday, or at least every few days. Likewise, there is always some
> bad bit of news, economic or otherwise, just about every day. That's
> a fact of life.
>
> I think that if a person has so little confidence, or so little
> faith in their own technical/fundamental analysis abilities that they
> feel compelled to continually make postings of the aforementioned
> type - postings that are obviously designed to psychologically scare
> and intimidate other traders, that it really goes against the grain
> of what this group is ostensibly profiled as, i.e., REALtraders.
>
> That's all,
> Mark
>
>
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>
>
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