Posted To: MBS Commentary
This commentary will begin it’s life as the “day ahead” entry for July 19th, 2017, but it may as well be a “knowledge base” entry for the validity of technical analysis. There are already several knowledge base articles designed to help people understand technical analysis on MBS Live. These include: Basic Concepts of Technical Analysis (And Some Jargon Definitions) Technical Analysis 101, Trends and Trend-Lines Max Support/Resistance Pivot Points (inflection points, floors, ceilings, etc.) Today’s addition has to do with how much faith we should put in any given technical study. Are some studies better than others? When multiple studies are saying the same thing, should we put more stock in the conclusion? If the technicals can be reconciled with fundamental developments…(read more)