Technicals are the only truth, Sanjay. It is the Fundamentals that are used to tell that which is not there .
From: progster01 Sent: Sunday, November 02, 2008 11:28 PM To: [email protected] Subject: [amibroker] Re: The Theory of Zig and How to make it Work --- In [email protected], sanjay manjrekar <[EMAIL PROTECTED]> wrote: > > TECHNICAL ARE USE TO MAKE FOOL PEOPLE DONT BELIEVE IN IT > IF TECHNICAL ARE POWERFUL THEN WHY MORGAN STANLEY, BEAR COLLAPSED > Overuse of leverage, lack of diversification, obfuscativesecuritization, failure to think reasonably/rationally about risk,willingness to bet the existence of the firm in pursuit of short-termoutperformance, belief that risk was being offset to counterpartieswithout realizing the counterparties were not sound themselves. The system will clear itself over time as yesterday's fools andcriminals are replaced by tomorrow's new players. TA will be veryhelpful in measuring the state of the recovery as it ultimately takesplace. (It's already been helpful in measuring the state of thecollapse, as here .) Or, if you prefer, there's always the Magic 8 Ball ...
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