Articles

It always amazes me when people tell me that techniques are too simple to work. I’m not pointing the finger here, I have done exactly the same thing myself. For example, take Gann’s rule of markets moving in equal sections.

While the direst predictions over the world economy have failed to pass, it is nevertheless a fact that many of us did it tough, and in fact are still doing it tough today. But outside of losing a job any pain was most likely, to a large extent at least, self inflicted. That’s a little harsh, but the truth isn’t always nice.

Perhaps chaos is slightly too strong a word for what we have experienced in global markets in the last few days. However it has caused some consternation, otherwise we would not have seen this kind of action:

In some recent editorial I have referred to methodology and making sure whatever system you use is well founded and has been successfully tested. I would like to elaborate a little more on this.

Given the apparent devastation that resulted from the Global Financial Crisis, a casual observer would be forgiven for thinking that stock market investors are still licking their wounds. After all, the Australian market more than halved in value between Late 2007 and early 2009 and still remains a good 25% below its all time high. Fortunes have been lost and, according to the popular media, the hopes and dreams of the soon to be retired baby boomers have gone up in smoke.