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Norman -
With the exception of Acampora, Shaw, and a few others, the brokerage
houses pay squat to technicians. They make a fraction of what the
economists, credit and equity fundamental analysts make.
Believe me, I know. I was one of them. I was ranked #1 or #2 in fixed
income by our customers and our group was ranked #1 in FX and money
markets. And, they shut it down because it was voodoo. Even with an
economist who is still calling for 100s of points in rate hikes.
Fidelity still has its department. Nine people. Most of the other fund
companies still do not.
Steve Poser
--
Steven W. Poser, President
Poser Global Market Strategies Inc.
http://www.poserglobal.com
Tel: 201-995-0845
Fax: 201-995-0846
Email: swp@xxxxxxxxxxxxxxx
"Norman E. Phair" wrote:
>
>
> 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.
--
Steven W. Poser, President
Poser Global Market Strategies Inc.
http://www.poserglobal.com
Tel: 201-995-0845
Fax: 201-995-0846
Email: swp@xxxxxxxxxxxxxxx
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