Following the turbulent and scary month of January, nobody would have dared to predict a swift rebound. Last year's chart was pretty accurate as was 2012. Judging from the chart, we have February and March being decent months followed by a lull. Let's see if that pans out, if it does, then we can be more confident for May, June and July. LOL ... when fundamentals and technicals cannot make better predictions, when you have lost all hope in your own abilities to predict the markets, .... this chart is not too bad.
Investors are a silly bunch, there are those who believe that they will NEVER be able to beat the markets. Then there are those who have exhausted their fundamentals analysis and still cannot beat the markets. Then there are the technical guys, same result. But the worst kind of investors are those who pooh-pooh everything that does not fall into their line of thinking, or that they must know why they make money or lose money, and would never bother to give this "fantastic fengshui chart" a try.
Whatever works man, whatever works is my friend ... investing is an inexact and fluid science.
No comments:
Post a Comment