DXI Capital Corp. (DXIEF)

[dmlabuda]

There is a really good example of why I became a technical analyst. I never could understand any of the fundamental gobbledegook. It was all Greek to me. Technical analysis however, makes a lot more sense. I can look at a chart and a trend and say to myself ... Yup! Looks like the price is going up alright. There is no way you can ever know enough about the fundamentals factors to accurately predict what the price will do. Those who can do that and have the means to determine the big picture in the oil market (for instance) are using that information to trade but, they are not necessarily letting to out to the public. But, the price and volume data that makes up the price charts are accurately kept by the exchanges so, you can rely on that. You can also learn to read the charts and interpret the indices on those charts and even choose what indices you understand to help you make trading decisions so, it is entirely possible for a savvy technical analyst to accurately interpret the correct move in the price by watching what those in the know are doing in terms of buying and selling activity and following the tend established by the majority. As I say, it's not rocket science. But trying to interpret all that fundamental jargon is, in my opinion.