| Topic Name: |
CMT |
| Message Name: |
TA = supply and demand expanding curve. reflexivity |
| Date Posted: |
01/11/2002 |
| In Reply To: |
who's John Murphy? Neva heard of tha sucka.
Hugh Johnson and Ralphie are dorks. Abby is way better.
Prudential is highly respected? Um, err, no. I like some of Prudential's analysts, but, on the whole, they're pretty weak.
TA is not psychology. Psychology is psychology. You know, like actual studies carried out in research institutes? Show me where any technician has carried out such study, ever (behavioralists have done such studies, technicians have never bothered). Show me the scientific studies. I've seen the TA magazines and they're drek. There's simply no comparision between them and, for example, AIMR's journal. |
| Message: |
ALEX,
TA is a graphical interpretation of aligning thoughts with reality, and gaining insight as to what "actually" happens to what fundamentally people accept as being fact. I believe George Soros describes the relationship as "reflexivity". Some real good technicians can see the forrest through the trees, while Fundamental Analysts can lose billions upon billions by blindly throwing money into sinking ships. The fundamental analyst has blinders on with no regard for adjusting his perception to the way it is unfolding in terms of "reality". Even buffett uses technical analysis in terms of value and acting against the masses, or creating trends from static activity.
Charts for me are the graphical interpretations of reflexivity as well as the interactions of supply and demand.
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