Wednesday, July 29, 2015

[TRX] update

In the backlink I posted the rather bullish looking chart below.



As luck would have it, the current snapshot below shows that the model is being followed quite closely.  No, folks, it isn't magic.  It's magick: a combination of understanding of the underlying operation of herds and some luck.  But do not be confused.  This is not just dumb blind luck.  The word luck here is used mainly in deference to the fact that there is always an element of chance when predicting herd movements.  But successfully employing the EW models to increase one's odds of winning certainly requires a degree of understanding and skill as well.  Maybe I should call it Skluck.

In any case, if TRX can rapidly break out to a new high then I will count that as 3 of 3 or 3 of C.


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