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Author Topic: Summer Bubble  (Read 5274 times)
odolvlobo
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August 20, 2012, 05:44:26 AM
 #61

"4~5 USD" i lol'd

the crash wont pass 10...

summer rise is probably due to Tax returns coming in.

Back on single digit. Still lol'ing?

And what "magic" did I operate to notice something was "f" wrong and estimate the top/low? A "magic" we all have... common sense.
Economy isn't a science, the way we have nowadays makes it probably the major scam on Earth, specially because they managed to lure society into believe it to be a "science" but the statistics analysis and "indicators" they use are just as valid for anything as those guys calculating past lotto-results to try to win the next one; they're but gambling fallacies. If a person simply prevents his greed and wishful thinking to speak of, will see it as easily as I saw it to happen... now just enjoy the ride of "correction" as the boat gets to balance again.

I generally agree, but I wouldn't give yourself too much credit. Common sense only works well in common situations. It works pretty poorly in uncommon situations. Also, economists are well-aware of the fact that economics is not really a science (also that "social sciences" are not really science). As for "technical analysis" -- well you can read my posts/rants about that elsewhere.

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