When prodded about his thought process, Einstein once famously said, "When I examine myself and my methods of thought, I come close to the conclusion that the gift of imagination has meant more to me than any talent for absorbing absolute knowledge." Continuing, he added, "All great achievements of science must start with intuitive knowledge. I believe in intuition and inspiration...At times I feel certain I am right while not knowing the reason." Concluding, he finished, "I am enough of the artist to draw freely upon my imagination. Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world."
Generally speaking - and as pretentious as it may be to strike the parallel, I approach visualizing markets and momentum through a kindred prism. Technical analysis is knowledge - knowledge of the past. Intuition - through creativity - helps unlock the future.
With that said, the immediate future continues to look troublesome for the euro, Aussie, silver and the precious metals miners.
*All stock chart data originally sourced and courtesy of www.stockcharts.com
- Subsequent overlays and renderings completed by Market Anthropology.
