studying stock market trends
March 3, 2014
A variety of daily signals turned bearish today. Trade was essentially sideways after an opening drop and I have not taken a position… yet.
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Financial markets are predictable because segments of price action fit together in a limited number of patterns that are not random. Markets are unpredictable too because there is enough variability in the patterns to hide the trend at some stages of development. I am fascinated by the market and spend a lot of time working to identify price trends so I can exploit them for profit.