CaptainJJack

The Dollar/Oil Surprise: What Does 2009 Hold?

I agree with the thoughts on the Euro. The European Central Bank appears to be trying to engineer deflation in Europe, and I expect unemployment to soar.

On the other hand, I have a very difficult time with technical charting. It has always seemed to me that the inevitable result is to lead you to buy high and sell low.

They are always looking for "breakouts" as buy (on the way up) and sell (on the way down) signals. You have to wait until the market bottom "holds" (whatever that means) before you buy (presumably, you wait for the "breakout"), but if there is a "bottom breakthrough", then that is a sell signal, meaning that after riding the tide all the way down to some arbitrary level, you are now supposed to sell because you broke through that arbitrary level.

Like I said: Buy high and sell low.