Luc Van den Borre wrote:
>
> Sure, I got carried away with the better technical solution, but for the sake of
> your argument there's no need for it.
>
> | ANY of these obviosities is the equivalent of pointing out that
> | "reindeer cant fly" --- "global warming" is as ridiculous on as many
> | levels as santa claus:
>
> Very well, but aren't you yourself a firm 'charting' believer? From reading
> books like 'A Random Walk Down Wall Street' (by Burton Malkiel), I've got the
> impression that chartists historically don't manage to outperform the market -
> despite their belief they can predict future trends from looking at the charts.
> I'm sure 'charting' is so controversial that I could dig up plenty of
> documentation supporting the idea that it is humbug.
>
> Perhaps you can disprove that notion, too!
On contrarie, Technical analysis or "chartists" as was mention, and in accordance
to the Market Technicians Association, "is the study of data generated by the action
of markets and by the behavior and psychology of market participants and observers.
Such study is usually applied to estimating the probabilities for the future course
of prices for a market, investment, or speculation by interpreting the data in the
context of precedent"
OR
The study of the forces of supply and demand in any free and orderly marketplace.
Charts are the core of technical analysis and provides a critical element timing.
Therefore what kind of investor are you? Day trading, traditional, Intermediate,
long term.
All you really need to know is who you are and how long are you planning to hold a
specific stock.
Only then can you select the chart that is appropriate for what you are trying to
achieve.
It is all in...................The Right Chart(s)
Your impression sir, in my opinion is due to an enormous number of people, pros and
individual investors using the wrong chart.
They maybe ignorant or arrogant, Hey a chart is a chart eh?
However, "charting" takes a bit more work, and you must use constant attention to a
portfolio. but you can have grater returns with correct technical analysis.
buy at $20 sell years later a $60, when climbing to 60 it could go to 40 and then
back down to 25
So sell at $40 and you have a nice profit.
A "charter" is a Market Timer who should sell when that stock is rising at 37,
reinvest at 27 during the fall to 25, if your correct you will ride up again to
$57. This is not all the way up, but it is not a ride all the way down. You end up
with a $47 gain or 17.5 greater return instead of $40
> All in good fun,
>
> --Luc
I'll drink to that!
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