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There are many ways to skin a cat. Once someone listens to externals, Gurus
or the talking heads of the media, Brokers, friends; you have given up your
independence. They direct your thoughts, you live or die by their word. I
think people should be taught to fish, not provided fish. Then they can
obtain fish anytime they want some.
But the seeking of information is required, but never accept anything from
any source blindly.
Calling the market is beyond anyone's capability on an intermediate or long
time basis, especially if you use the smoke and mirrors of funnymentals to
explain price/market action. If a TA guru shows his work, I will look at it
to determine if he has a process I can apply to my studies. But if the guru
throws in funnymentals, I shut him off, he is playing to ignorance. We are
in an auction with millions of players, The only facts we have are price,
time and volume, the rest is opinion and with $2.50 you can get a cup of
coffee in most places with opinion.
Richard Estes
-----Original Message-----
From: A.J. Maas <anthmaas@xxxxxx>
To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
Date: Sunday, July 26, 1998 10:13 AM
Subject: Re: Cool Website
>NOT AT ALL to beat your list-informing,
>
>though a but:
> currently THERE ARE DEFENITLY NOT(plenty has been written(facts) about
this)
>-there are FAR TOO MANY(self-made) Guru's telling what markets do or not do
or are going to do
>-from the web-site noticed, among some that has been applied, that the use
of indicators
> such as patterns+support&resistance is, at least to say, too "single"
displayed, though
> at least he uses these with other "more indicators combined"
>
>Myself I am not a Guru, >Thus apart from ANNOYING predictions, there are
some parts of TA that can be picked up,
>One of the facts about the current markets is that we are going to switch
from an intrest-rates
>driven market into a profits-growth driven market, and as such emerging
markets causing present
>(+future?) turmoil, and so far as can be overseen, direct influences on
halve-year-results have
>been tame(+apart from some of the not-so well led companies), but plenty of
figures still have
>to come out in Aug98 and later on this year.
>The "local operating business" companies should get their best results ever
(Now not being hit
>by the "Asian profits drops" and NOW too beiing the midst-end of the better
7 years-High conjucture
>stage(1993-2000).
>
>Let the REAL companies NOW("asia") stand up (the ones caring about
*share-holders values
>and therefore displaying a year on year CONSTANT DOUBLE DIGIT Net-growth,
not only in
>good times, NOW, but also in BAD times, Oil crisis1974, gold-collapse 1980,
the Low-conjucture
>periods 1990-1993 and presumably 2000-2003 AND too NOW WITH ASIA.
>There are NOT MANY of them around though !!!!!!
>(Starting with the cyclicals and the airliners, the "Nots" and also those
that **"BUY BACK(?) the
>once emitted SHARES", one of the biggest BLUNDERS a GROWTH-company can ever
make,
>as they are NOT the "for surviving reasons" Investment Funds or Trusts,
f.i. by investing in themselves.
>With their NOW "superflous money" they should go out and do take-overs or
merge with other
>companies, NOT only for the ABOVE growth sakes, but also for the
"'strongest will survive'"
>survival. "EAT or be EATEN"). With lowest intrest-rates ever, NOW too is
the time to buy.
>
>*share-holders value = yearly p/e per share figures, the more the p/e rises
the more(=higher) a
> share will be priced and valued
>**BUY BACK" - the artificial virtues way to let p/e figures rice, thus NOT
by future growth form
> buying other companies' profits.
>
>Support to be found at previous Lows and the Up-trends'
ST-Triangles+ST-Trends vertical rising
>trend-channals' support-lines. So far higher Highs and higher Lows are
still in-tact, thus support
>can be found at the above mentioned support-lines.
>
>Regards,
>Ton Maas
>Ms-IRB@xxxxxxxxx
>
>
>-----Oorspronkelijk bericht-----
>Van: Steve Gochuico <stevego@xxxxxxxxxxxxxxx>
>Aan: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
>Datum: zondag 26 juli 1998 6:57
>Onderwerp: Cool Website
>
>
>>Hi guys. Check out this site:
>>
>>www.TAguru.com
>>
>>It's a great site for those who want to learn TA.
>>Charts of stock picks are posted along with the
>>technical studies. I think the person who made this
>>studies really knows his stuff. Best of all, you
>>can learn TA for free.
>>
>>Regards,
>>
>>Steve Gochuico
>
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