A problem in his analysis is that 'smart money' has to look a step or two ahead of his indicators at hyper-technical data that includes the velocity of price mo

A problem in his analysis is that 'smart money' has to look a step or two ahead of his indicators at hyper-technical data that includes the velocity of price movement, volatility and the probabilities that price trends will continue, revert or propagate. It is all mostly inaccessible to the lay investor. I don't think Warren Buffet has an ulterior motive an advocating the average inventor focus on broad, low-cost index funds, like the S&P500, where you dollar-cost average in over time. Not that I take that advice, or my own for that matter.