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Chapter Fourteen
Thomas R. Peterson:
Bullseye Trading without the Arrows |
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Tom Peterson attended one of my seminars in California in November 1996. At that time, many forecasters in Chicago and on Wall Street were recommending going long the Canadian dollar, but he warned me not to get too bullish. It subsequently turned down and went into a significant swoon. Since then, we have been great phone pals. Tom trades for a living and consults to a select group of investors. |
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Neal: Your analysis is rather unusual in that it utilizes technical and fundamental analysis. How do you balance the two? |
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Tom: Since the first markets were traded, investment professionals have attempted using sophisticated analysis to try to understand trading relationships between price, volume, and time in an effort to gain an edge. Despite the fact that many great fortunes have been made by so-called "technical analysis" practitioners, it is still widely believed todayby uneducated investorsthat technical analysis doesn't "work." That is to say that the prevailing propaganda maintains that investors cannot use technical analysis to consistently make money. If there is one style of analysis that works in most market environments, it is |
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