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Re: Oscillators are a fool's game



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Five days ago many serious analysts downgraded CSCO with various 
arguments.
I do not know where are they now and what excuses they will discover 
again.
The floor has a different opinion, day by day .
Some people were buying every moving share five days ago, with a 
nice -7% discount.
The article below is still there. Read it again, it is more 
interesting now, 5 days later...
DT
--- In amibroker@xxxx, "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx> wrote:
> See for example
> http://biz.yahoo.com/rc/021028/tech_cisco_stocks_1.html
> A downgrade just before the official announcements [Nov 6] !!!
> Everybody was selling CSCO because of the downgrade.
> Everybody was buying CSCO because of the same downgrade.
> If the results of Nov 6 will be 1% better than expected, we will 
see 
> the usual CSCO gap ups and life goes on.
> Try to be on the right side, the T/A side. With or without 
> oscillators.
> DT
> --- In amibroker@xxxx, "DIMITRIS TSOKAKIS" <TSOKAKIS@xxxx> wrote:
> > Well, be happy when somebody sells, it is the condition for you 
to 
> > buy. Just try to be on the right side and let him sell. He is 
> > probably a real fool.
> > DT
> > --- In amibroker@xxxx, "dingo" <dingo@xxxx> wrote:
> > > Who's the bigger fool: The guy trying to pick tops and bottoms 
> or 
> > the
> > > guy trying to sell stuff to the guys trying to pick tops and 
> > bottoms and
> > > calling them "fools"?
> > > 
> > > dingo
> > > 
> > > -----Original Message-----
> > > From: Herman van den Bergen [mailto:psytek@x...] 
> > > Sent: Monday, October 28, 2002 11:01 PM
> > > To: Amibroker@xxxx Com
> > > Subject: [amibroker] Oscillators are a fool's game
> > > 
> > > 
> > > "Oscillators such as RSI, stochastics, Williams %R, etc. are all
> > > designed to help people who are trying to pick tops and 
bottoms. 
> In 
> > my
> > > opinion, this is a fool's game." Van Tharp in "Trade your way to
> > > financial freedom" (p219).
> > > 
> > > How many fools do we have on this list?
> > > 
> > > Herman
> > > a fool :-)
> > > 
> > > Ps. First reading done, tomorrow I'll study the good stuff: 
> > Expectancy
> > > and PositionSizing.
> > > 
> > > 
> > > 
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> > 
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> > > 
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