**WALL STREET’S BRIGHTEST MINDS REVEAL THE MOST IMPORTANT CHARTS IN THE WORLD<< Big picture stuff for all of us armchair Monday morning economists and market gurus. After running through these 97 charts, what do YOU think?
I think Wall Street can produce any kind of chart crunching any kind of number that serves their agenda. Their agenda: to get you involved. Now, do they get you involved on the long or short side?
Traders trade reactions because that’s where the movement is. Traders trading for expectation can sometimes get trapped on the wrong side. In simple terms traders must trade what the market offers and what the market offers is driven by events du jour. Events du jour pile on top of each other and trends develop. Trade the trend… none of these gurus, not you, and certainly not I, are smarter than the market which by itself only produces one chart…trend.
Here’s the real world.. today, these are the most important charts in the world: http://finviz.com/futures_charts.ashx?t=ALL&p=d1
GOT IT? It doesn’t matter, unless you’re a long term buy and hold investor. Your job, as a short-term trade (day or swing) is to know how to read charts like a guru, know what’s driving the action, find an industry, a leading stock in its trend and trade it. You have one job, that’s it.