Trading secret:

It doesn't matter what the data means, it only matters what everyone thinks it means.

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This matters because the type of intelligence that can parse the pertinent data and derived

meaning from it is very different from the type of intelligence that can correctly anticipate which way the crowd will move next.

This is why so many smart people fail at trading.

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That's the only reason technical analysis sometimes happen to work.

Becouse enough people believe in it.

99% of TA is hoodoo voodoo.