tag:blogger.com,1999:blog-21569063.post6863159208898657294..comments2024-02-08T02:16:54.318-08:00Comments on Commodity Bull Market: More Downside for the Dow Could Be AheadBrett Owenshttp://www.blogger.com/profile/04741732770011620478noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-21569063.post-42071726582342790322008-12-03T22:24:00.000-08:002008-12-03T22:24:00.000-08:00Yeah I got head faked on most of the false rallies...Yeah I got head faked on most of the false rallies that have happened since March also. <BR/><BR/>In Winner Take All, he makes the case that you should be long in a bull environment and short in a bear environment, to help frame how you use the technicals. I agree, but, it didn't work out well for us during this entire correction.Brett Owenshttps://www.blogger.com/profile/04741732770011620478noreply@blogger.comtag:blogger.com,1999:blog-21569063.post-55705271569006506552008-12-03T08:43:00.000-08:002008-12-03T08:43:00.000-08:00i did get wiped out of the commodity crash, $3k in...i did get wiped out of the commodity crash, $3k in the corn and wheat bull decapitation.<BR/><BR/>Part of the losses can blame to tech analysis, or my over estimation of it, since i had a buyer attitude in every grain trade i did (about 14), I was betting on mini reversals which ended in what we all have seen.<BR/><BR/>Top speculators don't put much attention to technicals since most of them have not way o proving statistic significance; Some say that the only one with a true statistical edge is the head and shoulders. Trade Station has a very nice tool that identifies this pattern, some time this life will study it.<BR/><BR/>I do think technicals are good for understanding the market behavior, but not for getting an true edge for speculating.diegohttps://www.blogger.com/profile/06204300489995715050noreply@blogger.com