no there is no crystal ball of course. quite simply, the
long term charts tell us that's the most likely analysis i.e. that
this is a bear market rally instead of a bull market. Could
they be wrong, sure they can, but the probability favors a bear
market rally instead. Technical analysis is about
probabilities, not certainties
matt -- bullbull was asking how we can be so
certainabout
another leg down -- and you hit the nail on the head -- we are NOT
certain that there will be another leg down -- but we ARE certain
that the PROBABILITY is that there will be another leg down..
And we trade on probabilities.
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no there is no crystal
California vs Texas
Posted by matt on 12th of Jul 2009 at 11:56 am
no there is no crystal ball of course. quite simply, the long term charts tell us that's the most likely analysis i.e. that this is a bear market rally instead of a bull market. Could they be wrong, sure they can, but the probability favors a bear market rally instead. Technical analysis is about probabilities, not certainties
matt -- bullbull was asking
Posted by Michael on 12th of Jul 2009 at 12:05 pm
matt -- bullbull was asking how we can be so certainabout another leg down -- and you hit the nail on the head -- we are NOT certain that there will be another leg down -- but we ARE certain that the PROBABILITY is that there will be another leg down.. And we trade on probabilities.