Posts Tagged ‘technicals’

Notes From Underground: A quick note from NOTES

July 28, 2010

An issue we continue to raise with our readers is how dynamic markets are in the processing of information. When people are technically oriented, it is the numbers–be it trend lines, moving averages, fibbonacci or whatever. The bottom line is that the number is the number and that is it, though not science, but certainly the art of probability. As fundamental traders first we are always aware of changes in the markets psyche. We utilize technicals to limit our loses or provide price areas where we can get more aggressive in moving into a trade. Last night we received a fundamental piece of data from Australia: the CPI number. The market had been anticipating a reading of .8 percent and the actual release showed consumer prices up only .5 percent.