Email of the day (2)
"He was great. I thoroughly enjoyed his talk. (Took a lot of notes) He is the best presenter we have had all year!!!
"I like the fact that you look for "beautiful" charts. I come from an artistic family - All my cousins, etc paint - I was left behind the door for that - but I view my form of TA as more an art than a science - it is all about the pictures and trends for me."
David Fuller's view You are SO right about the visual (also
behavioural) art of TA. The textbook types just don't get it, which is why I
have never and will never write a book on the subject, although Eoin is writing
one. To the extent that TA is a science, it is a social science depicting behavioural
patterns, as you so clearly recognise.
For newer
subscribers and those who have not yet attended TCS, Eoin's comment on "beautiful"
charts, is a reference to the highly consistent, rhythmic uptrends created by
a very pronounced supply/demand imbalance. These produce the bigger and therefore
better trends, and are the least difficult to assess because an eventual loss
of consistency, caused by a change in the supply/demand balance, will look conspicuously
different. Silver (weekly & daily)
is a great example. Parabolic uptrends are splendid opportunities while they
last but always end badly.
As word
of Eoin's recent presentations at the Technical Analysis Society of Singapore
(TASS) and the Australian Technical Analysts Association (ATAA) spreads - these
are two of the liveliest, in my experience - I am sure he will receive more
invitations to address other TA societies.
Having
been there and done that, and thoroughly enjoyed it, David will mind the shop,
via Comment of the Day and Audio.