Sorry, I read and wrote it wrong!
As far as whats wrong with it either way it is wrote?
Really nothing wrong I guess? One can do what they want to do.
I guess the thing is?
If it IS a top? The market will not go up any further?
If it IS a bottom? The market will not go down any further?
NOW. If we knew what was going to happen? There probably would be no markets? ;(
We have to trade as if we DON'T know what will happen next!
Because we DON'T know!
As a trader we have to use certain time frames or cycles.
Meaning a possible top tuesday? May be the top for the next week but in 3 weeks, we could have a higher high?
In trading one needs to learn how to trade possible turns, but not worry about predicting possible turns.
Just trade the cycles and the direction will most of the time, be in your favor.
Charts may not help some, but they won't hurt anyone!