Discussion in 'Silver' started by Aureus, Jul 30, 2015.
I like to take Leon's position.
Choose both sides, so I can definitively be correct. LOL
Well the chances of you getting it wrong is 50%
I like it because 1 side ends up being definitively wrong and that is where you find opportunities to make money.
Bit of cheek, a few forums posts mean nothing, but when you can see evidence of indecision in the charts it's time to watch.
"Watch" as in "hold"? Let's hear some wild predictions...
Indecision, or relying on others to make decisions for you?
In "Who Wants To Be a Millionaire" - they let you use the audience.
Seems to work quite well for them.
Indecision in the charts not currently a problem.
Source: the house of pain
Down it goes!
Heh, as planned.
If you have money in something (or looking to) you must know enough to back that position, if you invest based on the opinions of another then you deserve to lose.
A certain Benjamin Franklin quote comes to mind...
It was a rhetorical question
Indecision all right...
Predictions are silly. They mean nothing. It's just like the people who think that there is something to learn from looking at historical price charts as if the charts were somehow able to predict future social/political events which might cause the price of silver to respond.
The historical price charts have absolutely no relevance to the future, because the events which caused the price movements in the past, don't follow any predictable pattern, and the reasons for a price change in either direction, are unique and will never be duplicated making the study of history irrelevant to the future.
Don't use the historical price charts to make investment decisions it would be just as helpful to consult the Ouija board or the Tarot cards, for future price predictions. Study current world events they are much more valuable in predicting the future.
I prefer to look at how my own projected targets are met or not met by the market....and make my own informed decisions (re-evaluation) at those points in time because the world around us changes all the time in sometimes unpredictable ways and those changes can impact the markets.
A smart stacker is an open-minded and strategically flexible person. The opposite (a permabull for example) would be someone who generally relies on faith not facts and relies only on a very narrow set of presupposed expectations.
I would disagree. All a chart shows is the past data laid out in a particular way. There are some "patterns" that one observes time after time in looking at charts, and said "patterns" often mean a high probability of some particular future movement is likely. Not saying these "patterns" are 100% predictive, but some are quite close.
If you think of what is printed on a chart as simply a different way of observing past HUMAN emotions, ie., behavior (buying and selling), one can understand how human emotions can behave in similar manners time after time, irregardless of the "motivation" for said emotions or behavior. The economy, reasons to buy and sell, dollar value, etc, can and do change over time, but humans really don't, especially human emotions. The charts display the past emotional behavior of humans vis a vis buying and selling patterns over time.
Some of the best chart patterns (those that are quite predictive) are those where long term trend lines are broken (up or down), head and shoulders (and reverse), etc. I used these in patterns in guiding my stock purchases years ago (before the QE nonsense) with good success. It is more difficult in markets that are "manipulated" more heavily such as those with multiple "markets" playing on the same "thing", such as silver, which as physical market, Comex, ETF's, derivatives, etc.
I am not in any way advocating theories like Elliot wave, etc. But I don't necessarily consider such methods as charting per se, since the practitioners I have observed never really can say whether it is a wave 4 or wave 5, etc, and keep changing what wave count we are in by the month it seems.
I guess your ouija claim might be true, assuming one could find a helpful discarnate who wants to give good answers and not mess with you.
Just my opinion.
Are you still smelling this scent?
Separate names with a comma.