Gold

[DimPrawn]

Some arguements are just not worth having. If it's with someone who's got to be right regardless and has way too much ego/face/insecurity at stake there's really no point.

WHS.

Arguing with sasguru is akin to shouting at a retarded kid.

Bless.

[Jog On]

Back on topic - anyone notice the rally to about 1737 has dropped back down to 1705 probably taking out a bunch of people thinking this is 'the bounce'

Just like I predicted - OMG I'm a financial genius!!

I would have bought that as well (the fake rally) yesterday

[sasguru]

So astology works then?

Got to get me some of that

Let me make it plain since you appear to be quite dense.
TA over the long run won't make you rich, for the reasons Burt mentions in his article.
In the short run, due to randomness, some individual TA traders will appear to make money, but that won't be long term sustainable.
Current SOK is that the efficient market hypotheisis is not quite right but only fast volume trades can take advantage of anomalies:
e.g. Hedge funds with automated trading algorithms that work on the split second and billions to play with.

But hey you believe what you want to believe. Intelligence has always been a rare quality when humanity is involved.

[Churchill]

Let me make it plain since you appear to be quite dense.
TA over the long run won't make you rich, for the reasons Burt mentions in his article.
In the short run, due to randomness, some individual TA traders will appear to make money, but that won't be long term sustainable.
Current SOK is that the efficient market hypotheisis is not quite right but only fast volume trades can take advantage of anomalies:
e.g. Hedge funds with automated trading algorithms that work on the split second and billions to play with.

But hey you believe what you want to believe. Intelligence has always been a rare quality when humanity is involved.

If you weren't such an arsehole, you wouldn't be such an arsehole.

[Jog On]

Let me make it plain since you appear to be quite dense.
TA over the long run won't make you rich, for the reasons Burt mentions in his article.
In the short run, due to randomness, some individual TA traders will appear to make money, but that won't be long term sustainable.
Current SOK is that the efficient market hypotheisis is not quite right but only fast volume trades can take advantage of anomalies:
e.g. Hedge funds with automated trading algorithms that work on the split second and billions to play with.

But hey you believe what you want to believe. Intelligence has always been a rare quality when humanity is involved.

Who's Burt? And what is SOK?

These technical analysis doesn't work arguements are a complete waste of time by the way. It's like saying "my taste ion music is better than your taste in music".

If you've found a way to make money in the markets then good for you whatever it is.

[Churchill]

Who's Burt? And what is SOK?

These technical analysis doesn't work arguements are a complete waste of time by the way. It's like saying "my taste ion music is better than your taste in music".

If you've found a way to make money in the markets then good for you whatever it is.

That's just it, he hasn't. It's all lies.

[sasguru]

These technical analysis doesn't work arguements are a complete waste of time by the way. It's like saying "my taste ion music is better than your taste in music".

.

Ah the post modernist relativist argument.
I bet you were educashumacated under Labour.
Still its your money to do with as you wish.

[Jog On]

Ah the post modernist relativist argument.
I bet you were educashumacated under Labour.
Still its your money to do with as you wish.

Errr OK..

What does (formal) education have to do with trading?

Who's Burt? Is he worth listening to? (see what i did there..)

[sasguru]

That's just it, he hasn't. It's all lies.

I think Jog On meant himself. And he seriously believes it

I on the other hand invest in a diverse portfolio of managed funds for the long run. My first investment was in 1994 and I don't suppose I'll cash in for at least another 10 years.
I have a small fund that I trade myself for amusement but I don't kid myself that I know anything.
Although I did get rid of my bank shares in May

[DaveB]

Errr OK..

What does (formal) education have to do with trading?

Who's Burt? Is he worth listening to? (see what i did there..)

I'd say not.

Burt Reynolds, 1936- , movie actor, filed for bankruptcy in 1996 in Florida after his much publicized divorce from Loni Anderson. He had more than $10 million in debt. His dinner theater was foreclosed on by the mortgage lender and his ranch was sold.