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re: 50 Unfortunate truths about investing
Posted on 3/12/13 at 9:40 am to OFWHAP
Posted on 3/12/13 at 9:40 am to OFWHAP
quote:
Investors need to realize that technical indicators should be used as part of a much more exhaustive investment strategy. If you see WTI crude reaching a resistance level, you shouldn't sell if there is news stating that Canada has decided to cut off oil exports to the US; you'd get smashed by the influx of buy orders coming in at increasingly higher prices.
right then you get ready just like you would if there was a drought or a freeze affecting orange groves and be ready to long it or if a great last minute crop report possibly short it.basically last minute fundamentals based on current events. Problem is many can lose by using seasonal fundamentals which is what i was referring to earlier. They do not always work out like many prognosticators proclaim. Been there. done that. first hand.
This post was edited on 3/12/13 at 10:31 am
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