(Editor’s Note: below is a post that Retracement Levels submitted. For reasons that will become clear as you read it, I’d take issue with some of the points made, but I frankly think there is plenty enough room here for divergent opinions. I appreciate the post. – Tim)
Since the first time, I have been on this blog, in 2006, (at the time it was hosted on blogger), I have always been mesmerized by the observation of the desperate attempts that all the various market analysts, gurus and forum posters made at predicting long term trends in Bull and Bear Markets.
Most people seem to be convinced that if you analyze a very large amount of information, including all sort of possible market predictions (plus your personal bias, never forget that, and some astrology and psychology to sprinkle it all up), they will come up with a verdict about where the market is headed.
It is a truly entertaining show.