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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: maceng2 who wrote (172232)5/23/2021 2:14:42 PM
From: sense  Read Replies (1) | Respond to of 218784
 
My only caution would be...

A working theory is fine...

But reality requires that things that happen in the real world... tend to have multiple and overlapping reasons... rarely only a single driver... So, discovering the (at least) three theories that make sense of the same thing independently... is probably prudent... before thinking you might understand most of what matters in... whatever it is...

That's not a unique issue in crypto ?

Gold, last week, finallly crossed the boundary in the channel it has occupied... in a breakout to the upside...

As a technical analyst... I can see that is simply true...

As a fundamental analyst... I have to know... why... why now... why not before... what is different in the alignment in force now versus earlier failed attempts to break above that line ? Trite to note balances in buyers vs sellers shifting... without knowing why the sellers have become buyers ?

To understand the change... you have to understand the demographic of buyers and sellers... and how, why, and when their interests might change ? There is not going to be "a single theory that explains it all" ?

Rather, it is the differences in ideas... and how they might converge... or diverge... that drives change....

And the same is true in the opposite case... other markets in the same context sharing some influences... as when the bull market runs out of steam... and begins to lose the legs that have been sustaining it... why differently in the Nasdaq... vs the Dow... vs the S&P ? Knowing what those legs are... critical to understanding why and when one or another of them might be... getting wobbly... getting ready to withdraw... getting ready to fail... ?

the nature of the interest is a key... but, likely not just one interest behind any meaningful move... ?

Important for me this week... the same awareness... as gold has broken out... but silver has NOT ? Why ?