"Early in my studies, I had a friend who used more than 100 indicators to analyze the stock market. At first, I envied his superior knowledge, but eventually I came to feel sorry for him: He was always confused. I finally figured out that he simply had too much information. At any given time, only one or two points were vital, and the rest just served to divert his attention to unimportant and contradictory data. He had never learned that the secret to a clear and accurate picture of the market is finding the few truly important pieces of information and downplaying or discarding everything else."
- Michael McDonald in "Predict market swings with technical analysis"
