In his view, actual changes in demand and supply are less important than the role they play in setting expectations
for future price levels.
A technical indicator (or indicator for short) is an app that uses past price data to give an indication of
what future price levels will be or provide the general direction of the trend.
Very influential levels at which to anticipate a reaction, and once more, we can plan them
across FUTURE price levels, contrary to a few form of lagging indicator.
If expectations of
the future price level matter, lags get offset by leads.
They are employed primarily to predict the future price levels
Is it that it is a proxy for future prices for consumption in retirement, so we are hedging
the future price level in a dirty way?