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Non-Cattle Specific Topics
Every Thing Else Board
Economic Depression Ahead
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<blockquote data-quote="HerefordSire" data-source="post: 594171" data-attributes="member: 4437"><p><em></em></p><p><em></em></p><p><em><em>I like Carter Worth's (Oppenheimer) magic on CNBC. He is a great technician. Plus, when he talks, you can hear his confidence.</em></em></p><p><em></em></p><p><em><em>I like fundamentals also before studying the technicals. In my view, technicals are centered around average price which can be plotted as a line versus time. When the vehicle price is over the average price line, the majority of investors are in the money for that specific time period. Likewise, when the price is below a price moving average, the majority of investors are out of the money. When investors are in the money, they are in a good mood and they are much more likely to buy more sending the price higher...and if they are out of the money, they will help the selling pressure move the price further down. When two moving averages converge and ultimately intersect, price begins to thrust in the direction of the movement. I know all kinds of tricks if you are interested.</em></em></p></blockquote><p></p>
[QUOTE="HerefordSire, post: 594171, member: 4437"] [i] [i]I like Carter Worth's (Oppenheimer) magic on CNBC. He is a great technician. Plus, when he talks, you can hear his confidence.[/i] [i]I like fundamentals also before studying the technicals. In my view, technicals are centered around average price which can be plotted as a line versus time. When the vehicle price is over the average price line, the majority of investors are in the money for that specific time period. Likewise, when the price is below a price moving average, the majority of investors are out of the money. When investors are in the money, they are in a good mood and they are much more likely to buy more sending the price higher...and if they are out of the money, they will help the selling pressure move the price further down. When two moving averages converge and ultimately intersect, price begins to thrust in the direction of the movement. I know all kinds of tricks if you are interested.[/i][/i] [/QUOTE]
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