[Zetack]

In financial markets it is well-known amongst successful players that in many types of trading it is more important to understand the "madness of the crowd" than to understand the economics and business of the underlying companies that serve as vehicles for speculation. And the same is true for tournament poker, and plays a role in analyzing player styles and guesstimating ranges and fold equity.



[/ QUOTE ]

This is just another way of saying that some market players believe in martet timing. Since you go on to say that 95% of these people go broke, I'm not sure what your point is, although I suspect you underestimate the percentage of market timers who end up broke. Even if you are right, though, since much fewer than 95% of the market players who pay primary attention to market fundamentals go broke, I'm doubly confused as to what your point is.

--Zetack