Last evening i was wondering while sipping coffee , that how there are strange similarities between technical we use in analyzing stocks price movements and techincal in actual life as well
let me rephrase it for you ;
Resistance & support- Stocks as well as human beings face it all the time from adversaries and at the same time they also get support from family and friends.
Breakdown & Breakout- Stocks and human beings have so much similarities, in there respective life cycles both have to break out and break down some where.
Now some terms which are of interest to many
Money flow - There are various methods to gauge money flow in stocks be it In or Out , and a person also has phases where there is money flow in his vault at rapid phase and similarly there are phases of outflow as well.
So, by this i mean to say technical is nothing but human behavior and cycles applied to stocks and not vice versa.
that is the reason i feel the fairly liquid stocks should follow a definitive pattern all the time as humans dabble ith them so it has automatically got human element to it.
And yes, fundamentals are elusive just because with Audit and CA's firms under there payroll companies can get whatever numbers they want remember Satyam, Enron etc .But X-ray tell us all.
BinGo
let me rephrase it for you ;
Resistance & support- Stocks as well as human beings face it all the time from adversaries and at the same time they also get support from family and friends.
Breakdown & Breakout- Stocks and human beings have so much similarities, in there respective life cycles both have to break out and break down some where.
Now some terms which are of interest to many
Money flow - There are various methods to gauge money flow in stocks be it In or Out , and a person also has phases where there is money flow in his vault at rapid phase and similarly there are phases of outflow as well.
So, by this i mean to say technical is nothing but human behavior and cycles applied to stocks and not vice versa.
that is the reason i feel the fairly liquid stocks should follow a definitive pattern all the time as humans dabble ith them so it has automatically got human element to it.
And yes, fundamentals are elusive just because with Audit and CA's firms under there payroll companies can get whatever numbers they want remember Satyam, Enron etc .But X-ray tell us all.
BinGo
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