Joe wolf, you are correct that the future is unknown to all. However simple TA does keep one out of trouble much of the time.
From a week ago on this thread in reply to another poster.......
“
Vitamin
Here is a simple TA system based on your moving averages. If SP closes below both averages, go short. If it closes above both, go long. If the sp closes between the averages , stay away. To sell if long (or short ) I would use a different indicator....a trailing stop of some type.
Long story short, at the present time there is no TA reason to be long.”
There is stil no reason to be long.
Possible Turning Point Alert?, page-36
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