Re: Who is tired of Tim Wood's countertrend rallies
in response to
by
posted on
Nov 29, 2008 06:17AM
(PRESS PROFILE TAB FOR FACT SHEET & UPDATES)
his style is a little irritating, everything is in the process of "unfolding" and "lets follow the indicators" well duh!, as far as I can tell his CTI indicator is no more then a rear view indicator like RSI/Stoch, it turns up after prices rise and falls when prices fall.
That being said he did make a great call on the CRB this year, it wasnt a guess and he laid out the parameters very clearly.
I tend to like analysts where you learn as you go, or the style of analysis suits your temperment, I am skeptical of cycles per say unless I could understand the underlying reassoning for them. Next on my list is Elliot Wave, very tedious imo and there is always an alternate count to take you money after you have made the trade.