A Lower S&P by Yearend?


Q: You're a technical analyst. Do you take fundamental factors into account to any extent?

A: Absolutely. I primarily rely on technical assessments of buying and selling demand and chart observations, but I'm not an ostrich with my head in the sand. More people react to fundamental headlines than they do to a crossing of a MAC-D indicator, so I try to keep my finger on the pulse of the fundamental headlines that affect the markets. And I do research the history of fundamental reports, looking for consistent patterns of price reaction, as is the case with my recent study on the ISM and the Greenspan Fed.


Steve Ballmer, Power Forward
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