Monday, May 21, 2007

Follow up on Is the market rolling over

I want to point out the hazards again of just using T/A to predict the future. Just last week when the market had the small correction quite a few guru's were pointing out that the market was rolling over. Well now its a week later and the S&P is 30 points higher. T/A can tell you with 20/20 vision what has happened but seeing into the future is still just as difficult as ever without a crystal ball. Does anyone have a working one of those by the way :)