June 2006
Beginner
352 pages
7h 6m
English
Patterns on the charts are not randomly generated apparitions. Although it is certainly true that computers can generate such shapes and wiggles, the patterns we see are formed when real people, acting in their individual self interests, buy and sell stocks, bonds, currencies, or commodities in the pursuit of financial gain. They act, that action is recorded, and the sum actions of all participants form the patterns we see. Period. There is no conspiracy and there is no randomness.
When information, such as a pending new product release or weather conditions that could affect crops, is introduced into the marketplace, some players will act quickly and decisively. Others will act quickly but timidly. ...
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