Monday, July 25, 2005

Technicals do not move the market

Alchemy Of Trading: Sunday Notes From The Trading Turret: Stock Nazi?
If you haven't guessed, the Futures market has to seduce the maximum number of traders to the wrong side at important decision points. If this cannot be accomplished, risk transfer would not work. There would not be significant people on the other side of the market. Ever wonder why some technical indicators do not always work?