Re: S&P/Randolf
Posted by hunter on 0:14 7/3/2009
Great chart!
With a good charting software one can follow the lines looking for support and resistance. The one thing that can't be predicted is the human will.
In my experience, the market will move towards the angles but the human will can change it at any time. I have seeing the market overshooting the angles so many times. I have also seeing the market not really making it to the predicted angle.
There is always, always a second probability! That's why POP talked about been prepared and ready for and when the market turns against you.
Your charts are a good guide but like any other good chart, that is as far as it goes. It is never a for sure thing.
Thanks for sharing your way of seeing my friend.