Saturday, October 3, 2009

SOS Science or Art

Economy is both science and art. The science is easy to understand but the art, emotion, is unpredictable.

That is why, social mood will cover the art part, using Fibonacci or Elliot Wave to predict the trend. This theory said that social mood is predictable with a high probability of accuracy.

The science part will be all the indicators, both leading and lagging, and the key result area indicators.

In order to be a good investor, one must know both to have a higher probability of making profits for the long run.

One of the Guru of Elliotte Wave is Bob Prechter. Should include him as one of you studies.

One of the Guru in Science of economics, I will pick Gary Shilling and/or Steve Keen.

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