No, actually I said 1650. Depends on how you define "Fundamentally". If you are using a classic definition of fundamental, no ... there is no way today's market is fundamentally or fairly valued. In fact, I would argue that old fundamental rules for valuation, or otherwise, are worthless today except in a "what was" case scneario, or as a basis for new "fundamental" laws.
I am what I define as a psychological trader. Have I used TA in the past, and do I still use it on occasion ... yes, but rarely. I have always believed in the psychology of the markets, in tandem with expanding/shrinking volume, to dictate my action(s). Like I said, I have used that approach since 1991 and I have no arguments.
I don't force my way, nor do I "preach" it. I believe you have to take advantage of what the market has to offer at the time, whatever that happens to be. And I am 100% objective with my holdings and my thoughts.
Any information is worthwhile. It's all good.
Tj |
