Tuesday, December 7, 2010

There Is Only One Side of The Market - The Right Side

Amir,

Let's call it the battle for the upper trading channel. The scrap will intensify within the zone, but battle will not alter the direction of the market. While traders and investors, also people in general, like to separate the world into sides (cartel versus free or bull versus bear), they ignore the inalienable truth that markets have none. Markets have only one side, that is, the right one. The 'cartel' you describe or any group seeking to maximize profits and fight for influence and control must be on the right side of the market. The message of the market is more important than any group.

Regards,

Eric

Hi Eric,

I'm familiar with the cartel shenanigans and all, and I see this as another one of their desperate takedowns, but I can't say I'm not concerned, so I just wanted to ask you what you thought of it? I would appreciate your perspective...

Cheers,

Amir

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