highlighting promising signs of a renewed upturn for global markets.
This analysis is clearly technical in nature – it infers future market action from stock price action rather than fundamentals like earnings or interest rates.I spent a long time equating the usefulness and accuracy of technical analysis to astrology but eventually changed my tune. I now consider technicals part of the research process – usually the final piece after investigation of stock fundamentals and prospective growth rate.
Early in my career in the finance industry, I was told repeatedly that ‘the market’s never wrong’. This turned out not to be 100 per cent true in the end, but it did provide a useful reminder that when the market is moving in the opposite direction you think it should, it’s almost certainly you that’s wrong, not the market.
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: nationalpost - 🏆 10. / 80 Read more »
Source: CTVNews - 🏆 1. / 99 Read more »