Rereading Douglas's book for around the fourth time -- this is a must first read for anyone who thinks creatively.
To basically Quote in a nutshell from pages 95 to 97:
"There is a top notch T/A Analyst who goes broke from trading --- lands a job as a Analyst with a NY broker --- he is showing the boss who is a retired Pit Trader what T/A is about when the SP hits a bottom trend line --- the boss says so this is the absolute bottom --- the Analyst - "Absolutely!".
The boss -- " That's Bull****" as he hits the SELL button." End Quote
As Douglas keeps reminding the reader "Anything can Happen".