RE:RE:RE:RE:RE:RE:RE:Thursday - Continues12CenterLine wrote: So many people don't seem to understand this. Nobody can say where the sp is definitly going. All you can do is look at the data at hand and make a prediction. I got raked over the coals the other week because all I would say is if statements. People didn't seem to understand that those statements are all you can actually say. "If this happens, then look for this". "If this support level doesn't hold then look for this level".
But that isn't good enough for some. They want you to make some outlandish price prediction.
WE ARE GOING TO THE MOON! Lol.
Now everybody is happy!
Auctioneer wrote: I try never to guess where things are going but outline scenarios - for instance, today, I outlined a scenario that I see as likely provided we closed at the high of the day (which we did).
ephilly wrote: I don't find his comment to be d!ckish inn the slightest. I, for one, am sick of suggestions as to the direction of the market (whether up or down) without any information source.
We're ALL guessing as to what happens next, but Auctionneer tends to have more educated guesses than the masses here...
Saying something will happen as a consequence of a negative or positive event being triggered is not true forecasting but looking in the rear view mirror as I have always believed technical trading does. It's like saying if you trip and fall you're likely to hurt yourself. No kidding. The trouble is a lot of traders worship the charts and then they end up affecting the long investor. Notice too that the day traders on this board always have something negative to say disguised as a chart. When have you ever heard them discuss something informative about Aurora? It always has something to do about creating volatility so they can use it to make a trade.