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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives
SPY 694.04+0.7%Jan 9 4:00 PM EST

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To: penthouse mike who wrote (49452)4/30/2013 2:05:34 PM
From: GROUND ZERO™3 Recommendations  Read Replies (1) of 221611
 
That reminds me of another interesting story... there were three horse experts looking at a horse that was standing out in the field... all three experts were trying to figure out how many teeth the horse had by looking at the horse from where they were standing...

The first expert said that since the horse had a swayed back, that the horse was old and probably had less teeth than a younger horse...

The second expert said that the horse seemed to move around pretty well, so he probably has the same number of teeth as all other horses, but he may be missing just a few...

The third expert said that the horse looked young because the horse's coat looked healthy and so the horse probably has all his teeth...

Then, finally, some guy how knows nothing about horses said he could tell exactly how many teeth the horse had without having to make any assessments or any guesses... the three experts were astonished at such a claim and they invited the guy to prove it...

So, the guy walked over to the horse, he opened the horse's mouth, and then he counted the number of teeth in the horse's mouth... this way, the guy who knew nothing about horses, was able to determine the exact number of teeth inside that horse's mouth without all the assessing and guessing...

That's why I think technical analysis of these markets is so much more reliable than trying to juggle and balance all the fundamental ingredients...

GZ
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