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Book cover for A Complete Guide to the Futures Market: Technical Analysis, Trading Systems, Fundamental Analysis, Options, Spreads, and Trading Principles (Wiley Trading)
Some practitioners of technical analysis treat prior highs and lows as points endowed with sacrosanct significance: If a prior high was 1,078, then they consider 1,078 to be major resistance, and if, for example, the market rallies to ...more
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Gregory Claeys
“In the first case the whole economy and management are good; every operation proceeds with ease, order, and success. In the last, the reverse must follow, and a scene be presented of counteraction, confusion, and dissatisfaction among all the agents and instruments interested or occupied in the general process, which cannot fail to create great loss. If, then, due care as to the state of your inanimate machines can produce such beneficial results, what may not be expected if you devote equal attention to your vital machines, which are far more wonderfully constructed?”
Gregory Claeys, A New View of Society and Other Writings

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