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>Calling the market is beyond anyone's capability on an intermediate or long
>time basis, especially if you use the smoke and mirrors of funnymentals to
>explain price/market action. The only facts we have are price,
>time and volume, the rest is opinion
Facts are:
Fundamentals+Sentiment = Price+Actions explained and expressed in trends
Both components can be brought to you via News and/or be discovered by inspecting their
internals using both TA and FA systems. With the emphasis put on the "reading" of each
components single or combined and in conjunction with the use of special analysis filters then
helps to explain any 'whys' outcomes in past, present and in future.
Neither of these analyse systems is perfect, combined just about are as much as can be desired.
Predictions and estimates can be made on both historical and future estimated figures, data and
outlook, but present presentations of the halve year results have again proven these to be naturaly
imperfect, with as outcome that prices of several companies shares publishing negative news in
halve year results and futher 1998/future outlook were wrongly estimated in the first place and as
such some of the their share prices have dropped dramatically, others where left stable and on the
other hand some others with few or very possitive news and forecasts were able to gain upwards.
For these results only the single companies accounting departments have the key, temperarely
hidden behind companies doors until they are published.
Neither systems are in this case the perfect right predictor, in fact they are only able to guess as
to what the outcomes might be and as such also frequently supprise both analists and markets,
one of the reasons why the markets and price are not always right and move up or down in time
as they have done and will continue to do.
Market's prices are always the fundamentals with the sentiment as trends added and i.e. at the
time of results publishing, the major factors to be reckonned with.
Ignoring either one will have great effect on the creation of succesfull results, aside from using
the wrong sources, systems and filters, not withletting the fact that one can be succesfull using
only a single one of the components, as has been historicaly proven. Asian and European
markets have used these in a wide variaty since the 16th century(1500+) when regular trading
started, first as the open markets and later as indoors fairs, auctions, bourses, exchanges etc.
As much as there are old hat FA analysts not letting modern wisdom and technology into their
analytical world, there are also TA analysts ignorant to the established history and science.
Whatever sytems used, single or combined, all can be succesfull but will mainly depend on ones
skills, expertise and ferm stands towards implementing and applying them.
Knowledge and experience can be established with study and practise. Disapointments for one
does not nessaceraly mean a disapointment for others.
Ignorence is then irrelevent and not the question.
Regards,
Ton Maas
Ms-IRB@xxxxxxxxx
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