[Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

[RT] Re: [realtraders] Tech analysis - waste of time? {05}



PureBytes Links

Trading Reference Links

At 09:04 AM 11/30/99 +0100, Gwenael Gautier wrote:

>Anyway, no method works all of the time, but many methods work some of the
time...

It is the nature of the market to "defeat" all and every attempt to predict
its future behavior based on the past. (On the short term bases. Long
terms, not only "all of us will be dead" but, hopefully, the nation will
survive, industry will expend and the market will continue to go up with
that expansion). Market could only exist so long as it is successful in its
"war" against prediction. But the market has "inertia": it is not as quick
in changing patterns as would not allow some shrewd (or lucky) men to make
some money.

Unshrewd Alex.