I do think it measures psychology, all the persons participating are human that get too excited and too depressed (mr. market). If you don't believe technicals also need to throw out value investing and stick with Emh.
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@dennygalindo
I am not rejecting trading all together. I believe that long term investing is something viable one can do as long there is diversification. Everything else is plain gambling.
Here NOW ! We prefer the term "Speculating" Gambling just sounds so vulgar !, lol
And btw, before I go sleep, I would like to say I do admire your "Cognitive Virility ! /bow
thank you :)
how about speculative gambling? lol..