The Trader 

Fractals in fractured indices

The Trader

As a technical analyst I’m never surprised when my outlook does not tally with that of the army of economists employed to make educated guesses.  It’s not because I am necessarily a contrarian, although I do find that when everyone’s thinking the same way, then someone’s not thinking, as the saying goes.  It’s because the tools of my trade and the way they are used differ from those of a macroeconomist.  First, I use up-to-the-minute data, not stale stuff like quarterly GDP growth published and revised months in arrears.  Rather than creating mathematical constructs into which evidence must fit, I sit back and look carefully as to what’s a trend and what’s an outlier; I let the data speak for itself.

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