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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (55115)	9/20/2001 10:35:38 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

interesting....

To: William H Huebl who wrote (55115)	9/20/2001 10:41:26 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

I read an interesting book by Peters on "Fractal market analysis". He says that the markets are inherently fractal (thus the Fibonacci ratios), not efficient (thus TA woks). He claims there that the markets are stable because there are investors with different time horizons. So when investors with shorter-term time horizon see a crash, longer-term investors see an opportunity to buy. Thus the markets regain stability. They become unstable when long-term investor don't see values. Then nobody buys when the markets fall....