I Approve of This Message
You know you’ve reached an inflection point when both the longs and shorts panic simultaneously.
and
Right now, its best to stay out of this market because news will trump all technicals.
Not sure about staying out, but agree with “news trumps TA”.
When will you learn….. Technicals anticipate the news cycle…
😉
After I posted – I changed my mind but it’s already written *sigh*. I trade off of technicals, not off news.
Any news effect is always short lived. Looking back at what’s worked in this “uncharted territory” market, TA is the only thing.
I’m teasing… It’s how the quants trade that is uncharted. When the sample size gets so small they start blowing up… it’s the fault in the quant model. They can only trade when they have enough history to trade against.