(3-month long) to research the following:
- Fundamental-analysis investors
- Institutional support and propaganda
- Public interest level and participation
However, after seeing pretty much the technical perspective, I have come to the conclusion that technical analysis is but a small aspect of profiting from market. It is the tool to tell me when to act on what, with fairly acceptable precision. But, the environmental conditions that provide the basis for TA to work is definitely not based on price action. It is based on a bigger scheme of things, which I suspect by mastering it, half the battle is won for the technical trader.
This bigger scheme of things come in different names, fundamental analysis is one of them. I not going to throw away TA and embrace FA. Rather, I am interested to understand the people who believe in FA (there's a huge crowd out there). The thinking process of institutions picking credible sectors/counters which they know can spin a good story and attract a following from FA-practitioners. Followed by technical traders who spot price actions from FA motives. And finally the public, whose interest and participation is the pre-requisite for providing "madness of crowds", the very fuel that sustain big and strong trends.
Bottomline - I need to know how interested and involved is the public and what institutions are planning to get the public interested and involved. Without public participation, you can only have professionals playing with one another. There is no "meat"; there is no strong trend. To have big gains, somebody has to take big losses. That somebody has to be the public. By hook or by crook, they have to be lured into taking on that role.
As I understand, the technical investor could possibly come out as a winner, amid this trading world with too much information.
