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The Factor Report
@PeterLBrandt
Premier site for classical chart analysis of futures markets. Trader for five decades. Market Wizard. Author. Membership Factor Report
加入 February 2011
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Earlier this weekend I had an X post showing a rising wedge pattern in Copper with waning velocity. Wedges tend to suggest short-to-intermediate trend corrections. Factor LLC, my trading company since 1981, approaches trading opportunities with a Bayesian philosophy. Consistent with this Bayesian mindset we often intentionally try to create binary technical interpretations of the same chart. Our entire approach to trading attempts toward agnosticism on bull/bear narratives. The same price history that contained the wedge also displays clearly a market blow-off of some magnitude based on parabolic principles. It is ALWAYS dangerous trying to pick tops of markets. As a firm trying to pick tops and bottoms is forbidden to traders.
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