Hello I read Crowd Money and I believe that you affirm that the only indicator in technical analysis is the 200 day exponential moving average. Could you explain why Ross's hook is not reliable? It is considered one of the most successful indicators by many. I would appreciate a comment from you thanks, 

Eoin Treacy's view

Thank you for this question and your interest in Crowd Money. As a subscriber you will be familiar with the fact that we eschew the use of technical indicators rather than deny their existence. One of the central themes pioneered over the last 45 years at The Chart Seminar is that everything one needs to know about the crowd is contained in the price action. 

I’m sure some people use Ross’ Hook to good effect and it appears to be a way of buying following the first consolidation from a base formation. We would consider the completion of a first step above the base as a reliable continuation pattern but it still required that one look at the chart and have some conception of where we are in the market cycle.