Just write down some of my understanding of the market and operation.
1, Fundamental is a function which changes over time.
2, News are sample points of the fundamental, which has certain measurement error.
3, The market is driven by people, where people acts based on their expectations and interpretations of news, and the actions are reflected in the changes of price.
4, Moving averages are just smoothing out all those actions, the longer period the more information are involved.
5, All other indicators, are either constructed by moving averages, or highly related to moving averages.
6, By study the price, moving averages and some indicators, I look at how other people position themselves, and decide how to position myself.
