Nice chart. But i have always been of the opinion that what caused a crash earlier is not what we are in today or any other period for that matter.
Unless we are leading "groundhog day", there is literally NO way one crash/market downside will follow another to the T. Conditions thereof are completely different and scenarios too. I strictly feel that comparing a series of touch points leading to a conclusion in one time period to another is PURE waste of time. I have much more faith in your own TD* analysis than any of these vaguely created charts.
Nice chart. But i have always been of the opinion that what caused a crash earlier is not what we are in today or any other period for that matter.
ReplyDeleteUnless we are leading "groundhog day", there is literally NO way one crash/market downside will follow another to the T. Conditions thereof are completely different and scenarios too. I strictly feel that comparing a series of touch points leading to a conclusion in one time period to another is PURE waste of time. I have much more faith in your own TD* analysis than any of these vaguely created charts.
Let's see though. :-)