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Message
re: Federal intrest rate and stock market
Posted on 6/14/15 at 8:53 am to Shepherd88
Posted on 6/14/15 at 8:53 am to Shepherd88
quote:
Fundamentals would have proven oil was over valued as well, just as I mentioned earlier.
Fundamentals pointed to an oil market crash as early as Summer 2013.
LINK
In the OPEC monthly report for June 2013 concerns over increased US and Canadian are evident.
Yet oil remained in the $100/bbl range into August 2014.
I'm not saying don't look at fundamentals, as they are very important. But markets can go against fundamentals for months to years. Studying technicals can help keep one out of trouble.
1
Posted on 6/14/15 at 10:51 am to LSU0358
Which is exactly my point, markets don't behave rationally. So trying to predict them is foolish.
Technical analysis would have told you to get out of the market a long time ago.
Develop a goal, stick to that goal.
Technical analysis would have told you to get out of the market a long time ago.
Develop a goal, stick to that goal.
This post was edited on 6/14/15 at 12:23 pm
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