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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Tuesday 16 July 2013

Dax



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5 comments:

  1. Anonymous17 July 2013 at 04:14

    Thinking of creating a Disqus ID -- "Wags is a friggin' Moron" -- to save me typing it in every time I visit DanEric's blog.

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  2. Chartrambler17 July 2013 at 10:33

    I think Im about done with that place the negative energy aspect far outweighs any benefits

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  3. MP17 July 2013 at 18:22

    Its Dans analysis that has gotten everyone so negative. He needs to understand but he is too self absorbed that EW if it comes down to probability is worse than a buy or sell gamble. Don't get me wrong, I studied EW and think im pretty good at it but even as good as I am about counting waves your still playing against 21 different patterns and its an elimination game at that point. If one goes down another one pops up. Best way to play the EW game is to find the corrective and impulsive moves and check with indicators to confirm that it is going further in the direction. Dan will switch from bullish to bearish count and telling everyone that the end is here. It probably is, but he has lost many viewers confidence that they will not listen to him anymore. As J. Livermore said... Don't try to predict the future, just react to what the market is telling you. We cant all be like WD Gann.

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  4. Chartrambler17 July 2013 at 20:37

    true......I take my hat off to the guys who didnt fight the fed and got this thing right but I get irritated when they start pontificating about economics,talking about secular bull markets etc :-)

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    Replies
    1. MP17 July 2013 at 21:31

      There are a lot of technical analysts out there but few compared to Fundamentalist. We are still considered irrelevant or we would see technical analysis courses in college right along with economics etc. That said our main trend is still up...

      http://tfaat.blogspot.ca/

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