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Back in the early 60's Fidelity had a technical
department. They did not advertise it, very few
people new about it. I would venture to say no other
mutual fund management company had such a
department. I attribute their superior performance
back then to this department which was run by Chet
Pado. One of the best performing funds was managed
by Jerry Tsai, for those of you out there who may
remember his name. In 1962 as the market started
down, he went into approximately 30% cash in two
weeks. Technical analysis was somewhat of a voodoo
culture back in that era. Fidelity did not tell
people because if you were a
technican back then people looked at you at little
funny. Boy have times changed. The money that
technicians are paid now by the major brokerage houses
is unbelievable. Does it pay to be different?
Should you keep your opinions to yourself if the
majority of people out there do not agree? What
happened to the old theory of contrary opinion? I
do NOT use astrology in my trading.
congratulate anyone
who uses it or any
other method that works. Why do people criticize
something when they do not know anything about ? I
guess it is human nature. If they can not carry on
an intelligent conversation about a subject, because
they do not have the knowledge, the subject has no
merit. There are died in the wool fundamentalists
that manage money who
think technical analysis is not worth anything.
Norman E.
> S teve McGuire wrote:
>
> > John,
> > Sounds like a very closed minded approach. If some
> > people can make astro work for
> > trading, why not show a little tolerance. It is the
> > lack of tolerance and
> > flexibility that is the root of many of our
> > problems today and throughout history.
> >
> > John Napier wrote:
> >
> > > Several days ago the web master asked that all
> > you
> > > astrologers converse with each other privately
> > through your
> > > own email.
> > > THAT IS STILL AN EXCELLENT IDEA.
> > > I don't want to start a rumble here but why don't
> > we get off
> > > this CRAP and get back to sharing good trading
> > ideas and
> > > information that will
> > > improve our trading techniques. THAT'S WHAT THIS
> > FORUM IS
> > > ABOUT. Not astrology or sun worshipping or
> > occultic signs.
> > > Whoever started this thing why don't you give all
> > those
> > > others who have joined in with their special
> > signs YOUR
> > > private email or still better, why don't you
> > start your own
> > > web page just for that stuff.
> > > I, Like you, don't want to offend anyone..BUT you
> > have
> > > offended me. So lets call it quits right now
> > while you are
> > > ahead.
> > >
> > > TTrue61470@xxxxxxx wrote:
> > > >
> > > > In a message dated 5/12/99 7:46:59 AM Central
> > Daylight Time, chmeyer@xxxxxxxx
> > > > writes:
> > > >
> > > > << I'm no rocket scientist, especially as it
> > relates to quant skills--
> > > > but isn't it silly to consider this a valid
> > sample base; and size? >>
> > > >
> > > > I totally agree. At the risk of getting the
> > administration mad at me I'd like
> > > > to point out a few things about astrology.
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