We are at it again, whenever the markets are at some peak or bottom , the mind games start, any and everyone worth his/her salt starts projecting the future course.In stock /Financial markets , what is the future..The fact is no one KNOWS ???????? I would like to point here the LEHMAN BROTHERS/BEAR STERNS & MORGANS of this world employed the best TALENT from all over, who were /are better qualified /skilled & still they WENT DOWN. I remember when we were at the top in january all thought that we will cross 6800-7200-and reach the sky, now it is 3200-2600-2100 & hit the earths bed.
A very simple question comes to my mind, WHY ARE THEY STILL IN THE STOCK MARKET today..?????????? ..despite their firm belieft of a crash ahead to very low levels.
1.TIMEPASS IN FORUMS.
2.ITS FREE ENTERTAINEMENT THERE.
3.TAKING CARE OF THEIR LONELINESS.
4.CREATING NOISE AND WASTING EVERYONES TIME.
5.Deluded impression of making many friends/followers AND FEELING GR8.
The fact my friends is that markets are markets and are much more complicated ,maybe manipulated or not , than what appears to a normal eye....and what you see in technical analysis/charts is the past & its footprints & try to make sense out of all that. Do you really need NOISE along with the chaos it creates.(maximum posts in forums these days are posts of depressing times ahead... DEVILS ADVOCATES????)..
SO what can one do,WHYNOT JUST CHILL/ spend time with family/friends/read/see a movie/visit a mall/do some excercise for your health or do anything but spend all your waking hours conferencing/chatting/writing /talking about stock markets.. & then doing next to nothing in trades in the coming week.Lolz..
I feel one should relax and come fresh with new views after the weekend..the world changes on every monday..and week goneby is history,so why waste ur time /energy for that past. let the markets guide you..thats a intelligent way of doing the markets..rather than exhausting yourself or burning out due to others.
enjoy....... cheers..