The Market Has Rhythm
Are you a fundamental or technical trader? Which ever one you use for your share trading, I'm sure you've felt that the market has some sort of rhythm to it. Just as we know the cheapest days to buy petrol (here in Sydney) are Monday and Tuesday, can the markets reveal some sort of pattern?
Music is based on rhythm. When you listen to music, the beats become repetitious to some extent which allows you to predict the rhythm in order to dance with the music. The market also has its own rhythm. I'm not saying the market rhythm is 100 percent predictable, but for those experienced in the market - I'm sure you can attest to this. I'm also not claiming that trading is about prediction either (more on that in another blog post). But from my experience, the market has a rhythm.
Read more of this article in Trading Critic...
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- National Australia Bank (NAB)
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- Santos Limited (STO)
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- Macquarie Group (MQG)
- Foster’s Group Limited (FGL)