Just a thought:
Hypothesis:
Market = Action of collective market participants.
Collective Market Participants = Collective psychology of Market Participants
Collective Psychology = Collective Perception, Interpretation & Decision.
If my hypothesis is even slightly closer to what I have depicted above in 3 different stages, then could I pose these questions? –
1) ALL PRICE ACTIONS and ALL INDICATORS ARE LAGGING.
2) IF NOT, THEN ALL PRICE ACTIONS AND ALL INDICATORS ARE NOT LAGGING.
3) WHAT IF ALL THE MARKET (OR MAJORITY) PARTICIPANTS FOLLOW ONLY ONE INDICATOR – HOW ACCURATE
THE PREDICTION OF THE MARKET PRICE WOULD BE?
… I wonder a lot, don’t you?
Anil.
Hypothesis:
Market = Action of collective market participants.
Collective Market Participants = Collective psychology of Market Participants
Collective Psychology = Collective Perception, Interpretation & Decision.
STAGE A Collective Perception = Collectively perceived Market Price Action + Use of Indicators + Ways they are used. i.e. PRICE ACTION – RECEIVED MODE Or INCOMING? | STAGE B Collective Interpretation = How the collective Perception perceived and collectively drawn understanding – of the Market, the Price, the indicator, etc. i.e. Use of all indicators including Candle sticks and Chart patterns? i.e. PRICE ACTION – OPEN MODE Or READING? | STAGE C Collective Decision = Collective Actions drawn/as a result of STAGE A & B. i.e. PRICE ACTION – SENT MODE Or OUTGOING? |
If my hypothesis is even slightly closer to what I have depicted above in 3 different stages, then could I pose these questions? –
1) ALL PRICE ACTIONS and ALL INDICATORS ARE LAGGING.
2) IF NOT, THEN ALL PRICE ACTIONS AND ALL INDICATORS ARE NOT LAGGING.
3) WHAT IF ALL THE MARKET (OR MAJORITY) PARTICIPANTS FOLLOW ONLY ONE INDICATOR – HOW ACCURATE
THE PREDICTION OF THE MARKET PRICE WOULD BE?
… I wonder a lot, don’t you?
Anil.