|"Phyllis Bergquist" <email@example.com>
|Fri, 30 Nov 2001 13:44:44 +1300
Sorry - difficult to give simple answer. Mainly it is peoplewho are the driving force behind the charts. And you will say - what are people swayed by??? Well - somewhere in this are fundamentals but not many people have the time or business education to delve into this. That includes me - I "found" the sharemkt in retirement years. Mostly people are swayed by crowd behaviour.
There are analysts who use mainly T/A and sort out crowd behaviour simply by studying the characteristics of the movement of the mkt as indicated by the volume and price movement.
In absolute sincerity I say that there is no perfect answer to success in the mkt. Somewhere in there is fundamental analysis. But then look at Onetel........ A lot of people made money there and what were the fundamentals. Another successful looking was TMN..... More money to be made. Myself I am v content with what I do and I will say openly it has taken me time. The older you are the harder to become adept at a new art - particularly one that has no niches in the brain to slot into. I am able to learn facts to do with my other activities much faster than I have learned T/A. In point of fact I am still learning and am a v small player.
I didn't mean to be facetious and I am sincere in what I say. I hope I have made sense. I wd much rather be helpful than otherwse. Cheers and Good Luck Phyllis.