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Strategies & Market Trends : Classic TA Workplace

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To: GREENLAW4-7 who wrote (85073)10/29/2003 7:50:15 AM
From: AllansAlias  Read Replies (2) of 209892
 
AA's maxim #15:
Fundamentals never support price.

There are only brief moments in a market when fundamantals and price agree with one another. For the great majority of the time, price is ahead of fundamentals, forever discounting growth in a bull market and, once through the brief moment of agreement on the way down in a bear, it goes on to disagree again by discounting, improperly so, continued deterioration of fundamantals.

You can find nobody who thinks this market is supported by fundamentals.

Anyway, I have never believed, and still do not believe, that we are in a new bull market. This is from someone who was looking for the "big C" before that became common parlance and few were calling for a big up move, so my call is not based on the fact that I am predisposed to look down.
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