Nothing Interesting

GS had reset, allowing room for the market to push higher. That's just what it did. I am looking to add to the short position on AAPL and QQQQ.

Today is a day where I am sick of my current job. I need to get back to the suit and tie or working at home. I'll attempt to post something significant later. Have a good Monday!

ProphetCharts: $DJI

Note the similarities in the shaded areas. Of particular interest is the bullish MACD divergence. Do I believe we see a repeat of the July move? Nah, not really. I do not believe history repeats itself in the market. I do not believe patterns, oscillators, or indicators give any consistent indication of market direction. I do believe sequences repeat, over and over again, but no indicator or oscillator tracks these sequences. This is due to fixed point launch prices, they are not a cumulative rolling average of any input data field.

In the end, if you are using TA, FA, or any other tool of divination, your chances fall less than 50% (taking into account the spread and commissions). Play your position to gain when you lose and gain more when you are correct. Manage the position, do not divine the impossible.