Thank You, Market Technicians

It is very surprising today that after my initial search on stock investment blog, I found that there are so many technical analysis oriented trading blog out there is the web. People, particularly youngsters, remisiers and beginners are relying on technical signals such as MA, MACD, RSI and etc to predict stock prices. Even some of them who are nearly out of their mind are trying to apply Elliot wave theory and to capture profit in a particular stock. They don’t even care what is the true value of the stock is, and highly concentrated on technology and MESDAQ related stocks. No a single words on the stock fundamental, and signals are everywhere. Most of them are found employing a technical signal, by looking at the stocks previous level of predictability according to MA and etc, to select the stock that they are going to invest in. None of the technical analysis signal assumptions are outlined and being scrutinized seriously. The trend has changed, noise traders are increasing dramatically, and irrational trading decisions are everywhere. This is truly an encouraging fact, thanks to internet and networking technologies, these people are laying the foundation for our success in the next big move.