ZLBT Chats

Sunday, March 1, 2009

Technical analysis is not a forecast of the future. It is a timing tool.

At its core, it is a visual representation of the market’s underlying psychology and, when considered against the broader geo-political landscape, is adept at signaling the prevailing mindset of investors.

I used technical analysis to time my exit from the market after it broke a key resistance level I was monitoring in late June. Without this cold, objective tool I would have been a slave to emotion and would have lost big.
With it, I was able to objectively evaluate the prevaling market psychology and was able to exit my positions.

It's not tea leaves. It works.That’s why its in such widespread use.

It separates the wheat from the chaff.
HAPPY TRENDING!!!

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