Chapter 10. How I use “TMVTT”
My preferred approach to analyzing the markets is technical. In the long run, fundamentals do determine price; however, as Lord Keynes once said, “In the long run, we're all dead.” As any journalist can tell you, it's easy to report the fundamentals after the fact, but you and I are not privy to inside information. Furthermore, as Richard Dennis once noted, “A known fundamental is a useless fundamental.”
My primary goal is to determine the trends of the markets I trade. I believe if you are able to determine accurately the trend of any market, then you will, over time, make money. Just as it's easier paddling downstream than up and it takes less effort walking with the wind than into it, it's generally more profitable ...
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