Posted On: 09/18/2014 12:48:40 AM
Post# of 43066
Well you should, seeing as you ARE a chartist. You just don't want to admit it. Check out the below link:
http://www.investopedia.com/university/techni...lysis2.asp
You could say that you believe in PTO, therefor you are a Fundamentalist, but your focus on L2 trading details belies you.
Another way of describing charting is that it deals with the nature of the Buying and Selling pressure. The belief is that that determines the stock price. Well, that is certainly what you are doing... you just have some offbeat ideas about where that pressure is coming from.
At the end of the day, there are market arguments (arbitrage pricing arguments) that defeat any such hypothesis. That is the basis of pricing most anything in the securities industry.
I would love top pull some quotes from the above article, it is a good read. No time...
http://www.investopedia.com/university/techni...lysis2.asp
You could say that you believe in PTO, therefor you are a Fundamentalist, but your focus on L2 trading details belies you.
Another way of describing charting is that it deals with the nature of the Buying and Selling pressure. The belief is that that determines the stock price. Well, that is certainly what you are doing... you just have some offbeat ideas about where that pressure is coming from.
At the end of the day, there are market arguments (arbitrage pricing arguments) that defeat any such hypothesis. That is the basis of pricing most anything in the securities industry.
I would love top pull some quotes from the above article, it is a good read. No time...
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