on the upper section of the graph, we have some price action. as you can see, the holy grail indicator predicted perfectly the ups and downs of the price
WOW that's one helluva indicator....right ?
RIGHT?
then let's suppose one month later we have the exact same price action (won't happen but could happen). Of course the holy grail indicator will put an up arrow at the exact same place as before right ? because nothing changed, the price action is *exactly* the same. The indicator doesn't have a crystal ball that will tell him price will go down this time.
so the indicator will put an up arrow, and what happens next, price goes down violently.
then the holy grail was wrong.
this is for me the absolute proof that a no-loss indicator cannot exist.
what do you think ?
Jeff
