Grays22 May 2012 22:38
The purpose of the board is to find opportunities which can be used by everyone.
It does not mean that every identified will fall into everyones category for investing, but more an objective contribution from who evers posts it.
The descending triangle i stated clearly was a bearish pattern but in certain circumstances and certain trending patterns combined with a upward breakout can offer an opportunity.
TA is a method That does not offer a blind mans means of making money, its about probabilty of making a correct decision and the above statement relating to descending triangles is an objective and observation by myself.
You can disagree with it and say that under no circumstances would you itake that opportunity and i respect that.
I am not here to defend TA for me it is just one part (tool) of the equation i would use to make a decision.
I agree with comment about the LLoys board, no board should be used for that purpose.
But thats no reason to trash every board, they each have there own rythem and humour and the lloyds board is no different. Polar and Doji, shipmate and others can look after that very well.
We know there are other boards where serious dicussion can take place and do.
So enjoy each board for own unique group of contributors.
Just an opinion.
You are welcome to make a valid contribution, if that is your intension.
As the more experienced people contribute the better.
GL