The most important fundamental that never changes is human psychology and emotionality of individual investors. This is something so stable that one, two, or even three quantitative easings are not able to change. Will China's growth cause people to stop being greedy when they see higher prices and fearful when they see them decline? Will Europe's problems cause people to act by means of cold logic only? Definitely not. Moreover, even if TA will someday cease to be useful, it is highly improbable that it will happen any time soon. Certainly, it is not a matter of weeks, months or even years because TA's foundations are based on real psychological mechanisms, that are an inherent part of each human being. Here is what we wrote in the past about the , and it still holds true today.
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Modified on: Tue, 8 Feb, 2022 at 6:01 PM
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