Erik McCurdy - Comments
Owner, Prometheus Market Insight
Contributor's Links: Owner, Prometheus Market Insight

Erik is the owner and senior market technician for Prometheus Market Insight and has been performing chart analysis since 1995. The software program that he developed to monitor long-term stock market trends has correctly identified 92% of the cyclical turning points in the S&P 500 index ... more

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Stock Market Continues Test Of Critical Support Level
5 years ago

That is an excellent question, Alexis, and worthy of a long, in-depth discussion. However, the short answer is that market prices are based on the decisions of all market participants, regardless of whether they are basing those decisions on rational, fundamental data or irrational imperatives such as greed and fear. Essentially, market behavior reflects the sum total of all knowledge and emotion driving the decisions of its participants.

In this video: SPX
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