jpartner - 9/9/2015 14:21
cornbore - 9/9/2015 10:52 Ignoring the fundementals just because so line on a chart says it will go to a point is dangerous. I like technicals I use technicals. But markets will humble you if you think your more right the. The market.
So bore....question,... If you were going to have heart surgery tomorrow, would you want the guy that has 15 years experience, and a high probability statistically of success? Or choose the guy that has only done a handful, seems like a sharp guy, and your opinion is that he won't screw up?
Likewise, why would paying attention to a line be more dangerous than being captive to an opinion - regardless of where the opinion was derived from? Opinions change day to day like the wind. Happens everyday, and you can see it every day "here". The lines however are static, they never change, they don't shift with the wind, and they have inherit built in probabilities and what price does in relation to them means something. Failures means something, but if you line (opinion) moves all the time, how do you determine a failure in the first place?
Fundamentals always take over
