Tuesday, February 10, 2009

War

Reading something on war. Thinking could this worst financial crisis in 70 years draw destructive parallels to World War III?

"Motivations for war may be different for those ordering the war than for those undertaking the war. For a state to prosecute a war it must have the support of its leadership, its military forces, and the population.

For example, in the Third Punic War, Rome's leaders may have wished to make war with Carthage for the purpose of eliminating a resurgent rival, while the individual soldiers may have been motivated by a wish to make money.

Since many people are involved, a war may acquire a life of its own from the confluence of many different motivations."

If you replace war with trend what can you arrive at?

...

Makes sense.. Confluence of personal agendas of traders / investors. Confluence of moving averages. Confluence of resistance / support lines, etc. Confluence of technical indicators. Confluence of fundamental economic conditions.

I reckon that's what make price tick in a trend.
Confluence of many different motivations.