Aguytrying wrote:@karasinga. Isn't it better to put faith in healthy companies then study their charts. coz honestly. uch, kq, mum are hopless companies with very uncertain future to begin with
Nice to see you here mate.
My premises are on the charts with an assumption that all components of fundamental analysis( earnings,profit margin, return on equity,price to earnings and price to book etc) have been factored in price. If this is the case then, studying/Putting faith in Price Action(Charts) will almost always tell a story of where we have been and where we are going. In my humble opinion, what i have found out is that technical analysis keeps the
trader focused on what the market is doing
now in relation to what it has done in the past, instead of focusing on what the market should be doing based solely on what is logical and reasonable as determined by a mathematical model. "On the other hand, fundamental analysis creates what I call a "reality gap" between "what should be" and "what is." The reality gap makes it extremely difficult to make anything but very long-term predictions that can be difficult to exploit, even if they are correct."
(quoting Mark Douglas)Could be time has come for
us to see the market differently. hope it will stand the test of time
remember we are here to make money...
It's not over until I winskype id: karasinga. email:
kkarasinga@gmail.com