Re: Fundamental vs. Technical Analysis
There simply is NO way that anyone can know / learn all the things that must go into a fundamental analyses program.
As soon as anyone computes all the possible data - it will change.
Some type of unforeseen event will change the outlook and poof all the funnies are now incorrect.
Price data is the only absolute - it is what it is - even if you do not like it - or agree with it
The most important tool in the tool box is to know WHEN the tool being used is broken.
Fibs work, not because they are fibs, but because so many put faith in them and use them.
2 + 2 = 4 - and neither Obama nor Hillary or 'new math' can change that.
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"Prices don’t change when fundamentals change.
Prices change when expectations change
and the latter could change for various irrational reasons.
By the time expectations are confirmed or disconfirmed by facts,
most of the move might be already over.
This is how financial markets often work.
They price a future that hasn’t happened yet.
As a result, they will sometimes price events that might never happen."
- Ivaylo Ivanov