技术面领先基本面(always)

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from gannglobal.com/blog

技术面领先基本面(always)

From Rodney Sessions

I am a trader only. I have been trading in the futures markets since the late 80’s. One thing I have learned over and over again, is that the technical Always proceeds the fundamentals - Always! The moves in the markets always begin in earnest before any trend changing news becomes available.

I recall trading silver back in 1987, the comex warehouses were full and over flowing. Silver rallied from $5.00 per ounce to over $11.00 per ounce in just 6 weeks. Most traders sat on the sidelines and watched this move happen, since the fundamentals looked so bearish. Trends change when the news is at its peak in support of the current trend (bearish, bad — Bullish, good).
我记得是在1987年,comex 的仓库堆满了银子,银子大丰收了.银价忽然间从5美元一盎司涨到11美元,只用了6个星期.大多数交易员吃惊的目瞪口呆,因为基本面太差了.当新闻最支持目前的趋势时,就是目前趋势逆转的时候.

同样的情况也发生在2006年7-8月的股市中,房地产低迷,银行坏帐增高,创记录的贸易赤字,伊战泥潭,油价高企, inverted bond curve, 在股市并没有大幅下跌的情况下,产生了一个巨大的牛市.

These moves in the grains are a result of fundamentals that will develop as much as two years out into the future. That is why technical analysis and Gann’s work is so important. I have studied Gann’s work for years, and combining his work with my own studies has resulted in a successful trade.