Re: If Gold Doesn't Correct to $1,500 Soon, Is There Something Wrong?
in response to
by
posted on
Aug 28, 2011 08:39AM
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Baires - are you referring to Bachmann's or Perry's Fundamentalism? LOL
Seriously, I'll venture to say that no one on this board charts more than I. I mean that seriously. But I have strong beliefs about when NOT to use T/A - 1) For an extremely illiquid stock like TDC (I probably don't look at a TDC chart more than once a month, and certainly only out of curiousity and not for action information), and 2) In historically unique situations, such as what is occurring in the world today.
T/A is really simply a historical map, and as such requires similar sets of circumstances as past situations. Nothing like now ever happened before.
Strike