Jeff Yass . Peter Borish . We're not in the business of forecasting business cycles, predicting trends is impossible. What you can do is react to certain market signals and profit from following those trends. TurtleTrader No Prediction.
Fundamentals often turn out to be media hype or stale data.
Prices fluctuate due to underlying economic activities that we only learn about in hindsight. I know you guys talk about money management, and I agree it's vital. There are so many variables, most of them hidden. Brokers who spend all day staring at computer screens, talking to companies, researching technical and fundamental data appear to have talent only in separating you from your money and building up their personal portfolio with commissions. If the Turtle program works, it's because it can predict the trend.