Friday, August 10, 2007

Reading the signs


I have often wondered about chartists - investment analysts who look for patterns in trading to predict future developments. Here's a video posted on YouTube by Inthemoneystocks.com, an outfit set up this year. The report comments on yesterday's dramatic drop in the Dow.

Sometimes I think it's like astrology; but there may be a grain of truth in it. If relevant market information is already known, then (barring catastrophic surprises) some change happens because of the variable mood of the investors and their predictions of each others' behaviour. Perhaps this chart-reading is less a science and more a pragmatic art related to mass psychology and game-playing strategies.

2 comments:

Anonymous said...

Thank you for posting our videos. We take it as a great compliment. We do the best to bring hardcore technical analysis to the market and cut out all the Wall Street hype. Enjoy the videos guys. To watch everyday visit our website. www.InTheMoneyStocks.Com and click on Daily Trading Archive and Vids.

Anonymous said...

just found this old blog about you guys now and i wish i found it sooner.... the quality of your work continues to this day!! great job guys! thanks for everything!