|
PureBytes Links
Trading Reference Links
|
In a message dated 97-12-28 23:21:06 EST, you write:
<< Price action is the the end result of buying
and selling, and therefore by definition must be the effect (the
symptom) rather than the cause. >>
Price action causes MORE price action. That's what stops and limits are all
about. Price action also causes emotions to be triggered in many, if not
most, traders, and those emotions then cause those traders to buy and sell,
which causes yet even more price action.
Michael
|