The current focus of market commentators is that “the markets have run out of steam” – the daily heading in the printed press reminds us of that – now that the fact that has become reality. As experienced traders we hope to be somewhat ahead of the newspapers. Newspaper journalists focus on today – what is the most eye-catching headline.
If your thinking is in concert with the press you maybe should question whether you are taking advantage of the knowledge you accumulate through experiences of technical analysis. Where is the contrarian thinker?