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Strategies & Market Trends : Waiting for the big Kahuna

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To: Lazarus_Long who wrote (10707)12/2/1997 7:10:00 AM
From: GROUND ZERO™  Read Replies (2) of 94695
 
Hi James,

I respectfully submit that, just because you cannot see the curvature of the earth, it doesn't mean it ain't round. Permit me to explain.

All I ever use are my technical indicators over the past twenty or so years and I've made a fortune and retired. Oh, there are those who may not use technicals properly and therefore lend support to the argument that such analysis of market behaviors is mere folly.

What drives all markets are not supply and demand factors, but human perceptions of these factors. What we see in market price is the quantified measurement of that perception. The chart displays the historic perception and sentiment. We are talking about mob psychology. A mob is predictable once you understand what motivates them. What motivates the mob in these markets is fear and greed according to those percieved interpretations of market forces.

My record stands on its own at this thread. I post all my trade positions as I take them based only on my technicals. I honestly don't care what the fundamentals are, since the market factors everything into price for me.

Have a great week.

GZ
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