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I think TA alone would work better then a lot of
emotions. Perhaps the writer just hasn't found his own personal holy
grail.
Maybe its time for a little friendly competition.
This could be easily done by having a common user and password to a yahoo
account. We could then have individual portfolios with 10 stocks
chosen over the period of 1 -2 weeks and held for 60days
Martin Blain
Burlington Ontario
----- Original Message -----
Sent: Friday, October 08, 2004 4:08
PM
Subject: Re: [Metastockusers] Re:
Introducing myself
I can't say never but I think we generally
agree.
----- Original Message -----
Sent: Friday, October 08, 2004 3:47
PM
Subject: [Metastockusers] Re:
Introducing myself
I agree, I wouldn't trade without TA either, but T/A
alone will never
work!
Larry
--- In Metastockusers@xxxxxxxxxxxxxxx,
"rdb104" <richandellen@x...>
wrote:
> MessageI never thought a purely mechanical system could
work..but
wouldn't trade without TA.
> ----- Original
Message -----
> From: Book
>
To:
'onlinetradersclub ' ; 'equismetastock ' ; 'internetstocknews ' ;
'Metastockusers ' ; 'momostocks ' ; 'mutualfunds ' ; 'myqqqsystem '
> Sent: Friday, October 08, 2004 3:00
PM
> Subject: [Metastockusers] Introducing myself
>
>
> I would like to introduce myself to this
group.
>
>
>
> I am
a retired manager of a major U.S. corporation. I was
educated in the
fields of mathematics, electrical engineering and
computer science and I
have had an interest in stock market analysis
for nearly 20 years.
>
>
>
> I believe
my background skills have given me a unique insight
into technical
analysis, allowing me to look at and understand the
mathematics behind
technical analysis formulas, take an unbiased
common sense approach to
the results of these formulas and develop a
system that does not succumb
to the short falls of Technical
Analysis.
>
>
>
> I have been
studying technical analysis in the stock market since
1987, testing and
analyzing hundreds of formulas and charts. I began
by using
commercial software with built in formulas, then wrote my
own formulas
and finally wrote my own software and formulas.
>
>
>
> I am now writing a
book "An Analysis of Technical Analysis",
which is far from complete but
there is some very relevant
information that I will point you to a
little later.
>
>
>
> I have also been lurking and contributing on many
forums over the
last 10 years or so, and I have made several
observations.
>
>
>
> 1.. The questions are generally the same,
form year to year.
Some technical question on how to get a formula
or program to work
and some general questions on how to make a system
that really
works. The technical questions are usually answered in
detail but
the system questions are rarely answered except in the most
general
terms.
> 2.. There are usually
one or two Gurus who expound "I have
developed a system that really
works well" but they never give
explicit details on how this system
works and they never give actual
trades until well after the trades have
happened. This gives way too
much opportunity to "adjust" the
figures. In other words, they never
prove themselves.
> 3.. After a period of time, a year or less,
these Gurus
disappear from the scene. Did they lose all their
money, or can't
they just keep up the BS?
>
>
> Why is this the case? I will answer this
a little later.
>
>
>
> First I want to say that I have created a "commercial"
market
timing website, but I will not advertise or even mention the name
here so that the moderator of this group won't ban me. My main
concern is to get some very pertinent market timing information to
those of you who are really interested in trying to time the
market.
>
>
>
> Let
me start out this way. Technical analysis (using
mathematical
formulas only) DOES NOT WORK, WILL NOT WORK, AND YOU
WILL JUST LOSE YOUR
MONEY!
>
>
>
> How
can I possibly say such a thing, especially when I said I own
a market
timing web site?
>
>
>
> I said "Technical analysis (using mathematical formulas
only)".
Mathematical formulas, no mater how simple or complex, try
to match a
recurrence, or pattern, in the market. They simply do
not predict
anything!
>
>
>
> Experts contend that the market is "random" and
"efficient". We
all know that random events cannot be predicted
and if something is
really efficient there are no disparities to
capitalize on. These
two factors alone tell you that the market is
impossible, or nearly
impossible to predict, using mathematical
formulas.
>
>
>
> If you would like to learn a little more about
technical
analysis, what works and what doesn't, and what you REALLY
need to
look for you can read more of my upcoming book. The start
is
here "An Analysis of Technical Analysis" or you can get the quick and
dirty "summary" here.
>
>
>
> It won't cost you a cent, but it might save you
several!
>
>
>
>
Thanks for reading.
>
>
>
> Larry
>
>
> Yahoo! Groups
Sponsor
>
ADVERTISEMENT
>
>
>
>
>
>
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