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View Diary: Technical Analysis & The Fallacy of a News Driven Stock Market (17 comments)

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  •  I've got a better non-sequitur (2+ / 0-)
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    pollwatcher, Chrisfs

    When dealing with TA

    "A trend is a trend until it isn't."

    It's so meaningless, and yet it's so true. I agree that it's the big institutions that move the price, but they don't do so randomly or accidentally.  

    Do you remember in 2010 how the market nearly crashed due to the computers all reacting to an "accidental" trade?  Accident, my ass.  A lot of people lost their shirts that day... but for every dollar lost, there is one dollar gained.  In other words, someone made a killing that day. And that's the gist of my article - people make money in both directions, and despite their constantly bullish yammering, the talking heads are always assisting the big money.

    You will not rest, settle for less • Until you guzzle and squander whats left • Do not deny that you live and let die - MUSE

    by bondibox on Sun Jul 07, 2013 at 08:26:48 AM PDT

    [ Parent ]

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