Even if there is a clear signal which can be extracted from macro-economic data traditional chartist's wouldn’t adjust for it anyway would they? Stand to be corrected there though.
I agree .... I,m Not a chartist as I feel charts are a great history lesson.
Thats not to say I totally ignore them. But if a wave is created then all
ships will rock, some more than others depending on external factors that
made the wave. Or the building of the wave (GFC), It had to happen !!!.
Charts tend to display this in hindsight.
I learnt that lesson in 87. And I was lucky.
Hoop old son keep up the chart posts, I and others can always learn.
BB
Bookmarks