Something I read online
Here are a few words for those who continue to believe technical analysis is worthless in a rigged market. There are two separate events taking place in the market today:
Stocks, bonds, real estate, commodities, and precious metals are trading via technical analysis within a highly manipulated financial system. As stated above, by the Fed buying $60 billion a month of U.S. Treasuries, the same as the monthly military spending, should give an idea of how much the central banks are propping up the markets. So, stocks, bonds, real estate, commodities, and precious metals will continue to trade within that manipulated system until the Fed, and central banks lose control.When the Fed and central banks lose control of the financial system, and they will, then technical analysis will no longer be a good indicator of the market price. Instead, the surging demand for the precious metals by investors looking to protect their wealth will finally be trading in a free market that will likely go hog-wild. |
