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Technical analysis looks easy to me...
Posted on 8/13/10 at 1:18 pm
Posted on 8/13/10 at 1:18 pm
quote:
Stocks May Go Up, Down or Sideways, Carter Worth Says: Technical Analysis
quote:
Stocks could go either way and anyone who claims to know their future is lying, according to Carter Worth, the third-ranked technical analyst in last year’s Institutional Investor survey.
OK, thanks for that insight.
Bloomberg
Posted on 8/13/10 at 1:19 pm to tirebiter
quote:That's what stocks ALWAYS DO. The secret is finding out what order they will do those things....
Stocks May Go Up, Down or Sideways,
Posted on 8/13/10 at 1:29 pm to tirebiter
It is not about predicting the future, but rather understanding the probabilities of future movements.
Posted on 8/13/10 at 1:35 pm to rollthatback
Or I will just DCA for 50 years and not worry about market fluctuations.
Posted on 8/13/10 at 1:38 pm to NeverNorthof I10
quote:
Or I will just DCA for 50 years and not worry about market fluctuations.
Not a bad idea, if you don't want to have any fun.
Posted on 8/13/10 at 2:07 pm to NeverNorthof I10
quote:
Or I will just DCA for 50 years and not worry about market fluctuations.
Overall, this is my mantra.
But I'm starting to lean toward the dark side. Yes, I know there's no rhyme or reason to market timing. Though people do get rich doing it. I generally scoff at people who claim to have it all figured out, but you can't win if you don't play. Unlike the fools who play the lottery with this mindset, the buyer has the games rigged in his favor at Wall St. Casino.
Maybe I'll start playing soon.
Posted on 8/14/10 at 1:44 pm to The_Pistol
There was an article about a month ago about a lady who was originally from TX who had won 4 lotteries. She had a doctorate in math and had taught at Stanford and I believe UCLA. She had won ~ $15M in total if I recall. 3 of the wins were from scratch offs. It did not go into great depths as she was very private and reclusive but locals said she played a lot.
You read my take on 401k management in another thread. I still stand by people can do much better in their 401k performance by using their brains instead of a static allocation DCA.
You read my take on 401k management in another thread. I still stand by people can do much better in their 401k performance by using their brains instead of a static allocation DCA.
Posted on 8/14/10 at 3:27 pm to tirebiter
quote:
I still stand by people can do much better in their 401k performance by using their brains instead of a static allocation DCA.
I agree and have managed to do just that. Maybe I was just lucky but I don't think so. The times I bailed on the market there were plenty of red flags. Alfred Einstein could have figured it out.
Posted on 8/14/10 at 8:42 pm to rollthatback
quote:
Not a bad idea, if you don't want to have any fun.
If trading is fun, fine but there's a cost for that.
DCA avoids that. Yes, some people do spectacularly well by getting lucky. Some don't. The main difference is that the losers rarely make the news.
Posted on 8/14/10 at 9:34 pm to Tigris
quote:Doubtful.
Alfred Einstein could have figured it out.
Alfred Einstein was a good music composer, but not much in the ways of the stock market or technical analysis. I especially like his revision of some of Mozart's works.
However, his sixth cousin, Albert Einstein probably could have torn technical analysis up if he had not been busy on that other project involving mass and energy.
Posted on 8/15/10 at 12:50 pm to rollthatback
quote:
It is not about predicting the future, but rather understanding the probabilities of future movements.
And past performance can be and very often is an excellent indicator as to those future movements.
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