Can non-farm data predict direction?
Everyone is focused on tonight's non-farm data, does the data release tell you the direction?
Clearly, it does not; the data is manufactured and meant for retail investors;
Direction must be viewed in conjunction with the cycle.
Regardless of which cycle's lifeline is broken, that cycle is bearish; if it is not broken, it is still bullish; one must believe in the power of trends. The lifeline (naked K) system judges trends, with a winning rate exceeding 83% for periods of four hours or more.
Those who come up and immediately say bullish or bearish without considering the cycle are just half-informed...
