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Strategies & Market Trends : The Market Taught Me That......
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To: Vanni Resta who wrote (140)11/16/1997 8:06:00 AM
From: Arik T.G.  Read Replies (1) of 151
 
Close to 70% of the people asked to pick a number between 1-10 picked 7.
In a psycological study, people who were told the above
fact and were asked to pick a number chose 3.

The future is not predictable. People behaviour is.
Next one you ask might pick 8, but the percentage is good.

The market IMO is definitely not random walking, and there's a mass of people who drive stock prices up and down.
The fractal nature of the market is almost self evident.
To see the chaotic nature of the market one needs to be versed in T.A. , seeing the market reaching decision points and choosing one of few possible paths.

One can also make money, not by predicting which way the market would choose, but following the course laid by the market from that decision point.
The market taught me not to predict the course it would take from those decision points, but to follow the trend established from there.

ATG
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