I'm not understanding.... What's wrong with fundamentals? PD's quantify the fundamental forces that move price when explained simplistically.
It's not about fundamentals, it's about consistency. Anyway, that is probably a discussion for the other thread, this is your journal.
Surf I'm glad you took profits at the bottom of the dip. There could be a DT shaping up, for a good aggressive short setup to those of us who wait for price to reveal where the transactions have refused to go, before positioning for a new trend. What do you think? Are price drivers giving any clues?
Yes, wide--- it will be a HISTORIC double top formation that the TA folks will write about in books about this era. Price Drivers called the minimunyearly top first. surf
Surf reminds me of champions in boxing fighting to the last round even as they look defeated. Your perseverance is most definitely there, hope it works out for you.
IF you're capable of interpreting them accurately AND anticipating their changes, probably nothing for intermediate to long term investing. A study of crude oil price fluctuations concluded that 70% + of short term price fluctuations had [size=red]nothing[/size] to do with fundamentals though.
Assume you are aware that YM did an AH violent spike after IBM earnings release and took out the yearly high by a couple ticks before falling back into this narrow 5 day consolidation range. But I know, I know, until it happens with the $DJI it didn't really happen.