Price activity is the result of human behavior. People do not randomly buy or sell in the market. The decision to buy or sell may be carefully considered, it may be a poor decision, or it may be an action later regretted. In all cases the decision contains an element of emotion and this emotional behavior is reflected in the movement of prices.
American financial giant Goldman Sachs has been charged with fraud over one of the subprime investment products it created and sold. The only surprise in finding fraud in the subprime products area is that it has taken so long to bring the charges.
It is convenient to point a finger at the yuan, but the behavior of the US dollar index suggests there are other more powerful forces at play in determining the valuation of the US dollar, and ultimately the business prospects of US exporters and importers.
Repeated chart patterns are evidence of the behavioral impact on market activity. The patterns reflect the way people think individually and this behavior is repeated thousands of times when individuals buy or sell stocks. It is human behavior that creates chart price patterns and which makes the patterns so useful as an analysis tool.
In recent months the downtrend in the US Dollar Index has reversed direction and developed a steady uptrend from the low near $0.75 in December 2009. The Dollar Index encountered resistance near $0.81.
A courtyard house next to Beihai Park that was once part of a Qing dynasty palace is being advertised online for 420 million yuan and attracting the interest of State-owned enterprises.
Name | Value | Change | Time |
Shanghai | -0.58% | Thur | 2,794.27 |
Shenzhen | -0.26% | Thur | 12,392.93 |
HSI | +0.06% | Thur | 22,530.18 |
NIKKEI | -0.11% | Thur | 10,071.14 |
Dow | +0.74% | Thur | 12,719.49 |
Nasdaq | +1.36% | Thur | 2,872.66 |