Quote from Wide Tailz:
The pattern might be caused by fear.
It starts a chain reaction. It's very contagious.
Tell your kid you don't fear losing money, so you are able to anticipate the moves of everyone else who does.
It also may have something to do with your little friendz.....
My theory is similar to yours. I believe traders are the most nervous and insecure bunch of people on earth. They are so freaked out about losing money they don't have any idea what to do except to look at what everyone else around them are doing and then act accordingly. It's sort of like, the light turns green, but all the cars in the front of the lanes are looking at each other and waiting until someone guns it, then they feel like they can do it too. This is happening every second of the day. "Okay what should I do, let's see what everyone else is doing, okay should I go in, okay I see most people are doing this, okay may be I should do that too, d'ope that was a dumb move, I'm out, etc. etc."
Question was simply: How to explain a little kid why there are pattern in the markets, who only a few people know, while the rest of idiots tells you the opposite, while they are the ones who keeping losing money since the history of value paper trading exchanges, from the first rice exchange in japan to the flower exchange in holland.......................
