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PureBytes Links
Trading Reference Links
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Here's one
related to this issue:
Is making a BET
the same as making a PREDICTION ?
<FONT color=#0000ff
size=2>
<BLOCKQUOTE
>
<FONT face=Tahoma
size=2>-----Original Message-----From: RB
[mailto:rhodes@xxxxxxxxxxxxxx]Sent: Monday, March 08, 2004 9:53
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT]
nasdaq and sp500 top
Another point about your
email.
You seem to be talking about the 10%-20%
who make make some money. How about the 80%-90% that lose?
Are they predicting and are just wrong?
Maybe that is one of my main points.
YES, you can predict! But, most of
the time it is wrong.
But, now back to me. I don't
predict. And why you, say that I can and do predict is beyond
logic.
I don't even know what happened in most markets
yesterday. Why in the world you think I can predict the future, is
silly.
So, YES, I fail to see the
obvious!
Also remember, if you see the nose on your face,
you are spending too much time in front of a mirrow.
<BLOCKQUOTE dir=ltr
>
----- Original Message -----
<DIV
>From:
Adrian
Pitt
To: <A
title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Monday, March 08, 2004 12:20
AM
Subject: RE: [RT] nasdaq and sp500
top
<FONT face=Arial color=#0000ff
size=2>RB,
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>You fail to see the obvious. When you take a buy signal based
on your indicators you ARE making a prediction.
<FONT face=Arial color=#0000ff
size=2>End of story...to disagree with this is to stick ones head in the
sand and argue semantics. If you make money
<FONT face=Arial color=#0000ff
size=2>from your trades on balance, by definition your tools are making an
accurate forecast just as you intended them to.
<FONT face=Arial color=#0000ff
size=2>Perhaps not in the narrow sense you <SPAN
class=250321708-08032004>may think,
but a forecast they are making. I'll leave it to you to work out what that
exactly is...but its as plain as the nose on your face
:)
<FONT face=Arial color=#0000ff
size=2>
<FONT face=Arial color=#0000ff
size=2>Cheers,
<FONT face=Arial color=#0000ff
size=2>Adrian
<BLOCKQUOTE
>
<FONT
face=Tahoma size=2>-----Original Message-----From: RB
[mailto:rhodes@xxxxxxxxxxxxxx] Sent: Monday, 8 March 2004 1:43
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT]
nasdaq and sp500 topTo some people maybe.
But, I use indicators etc. and predict nothing. Ifmy indicators
show buy. I buy. Nothing to do with me predicting
anythingat all. And that is good. My opinions and
predictions are usually not toogood. In other words I would be
wrong to often. I like to use charts andlet my indicators etc.
do the work. I leave the predictions to the psycics.As far as
taking trades. I am predicting nothing. What would make
youthink I could or would predict anything?I take the signals, use
stops and don't worry about it.Kind of like any bussiness, games or
anything in life. We can't predict ifwe will win, but we can
prepare and do our best and hope things work out.Yes, I know Broadway
Joe predicted the jets win over the colts. Somethings can't be
explained! :) But, most teams prepare and hope for
thebest, but can't predict the out come. If i would have
tried, I would have probably predicted the last 5 tops inthe stock
market that didn't happen. LOL!Many others have done this many,
many times.I guess some try to predict? I don't predict
anything!----- Original Message -----From: "ClydeLee (swb)"
<clydelee@xxxxxxxxxx>To:
<realtraders@xxxxxxxxxxxxxxx>Sent: Sunday, March 07, 2004 3:24
PMSubject: Re: [RT] nasdaq and sp500 top> You
say:>> " I've been following markets for close to 30 years
and have never> predicted anything.">> Now personally
I think that is a crock.>> Any time you take a trade you are
predicting that prices will move in> a direction that will make you
a profit or you would not take a trade.>> This concept of
not predicting and only reacting to the market is> definitely out
of kilter with reality!!!!!!!!!!!!!!!!!!!>>
Clyde>> - - - - - - - - - - - - - - - - - - - - - - -
- - - - -> Clyde Lee
Chairman/CEO (Home
of SwingMachine)> SYTECH
Corporation email:
clydelee@xxxxxxxxxxxx> 7910 Westglen, Suite
105 Office: (713)
783-9540> Houston, TX
77063
Fax: (713) 783-1092> Details
at:
www.theswingmachine.com> - - - - - - - - - - - - - - - - - - -
- - - - - - - - ->>> ----- Original Message
-----> From: "RB" <rhodes@xxxxxxxxxxxxxx>> To:
<realtraders@xxxxxxxxxxxxxxx>> Sent: Sunday, March 07, 2004
6:49 PM> Subject: Re: [RT] nasdaq and sp500
top>>> > Yep. The word predict has nothing
to do with trading.> > If it did we would never need stops or
protection. :)> > I've been following markets for
close to 30 years and have never> predicted> >
anything.> > Just be careful with the ones who claim they
can predict, or make a> $1,000> > a day or make 200% a
week in trading etc. There are many of those crooks> on>
> the net. If they could do that, they would have more money
than Gatesin> 4> > years. Just find out their
names and check to see if they are listed as> one> > of
the richest peopele in the world. Odds are they are not even
closeto> > being the richest on their block. :) Most
likely not even the richestin> > their own family.
LOL!> >> >> > ----- Original Message
-----> > From: "mr.ira" <mr.ira@xxxxxxxxxxxxx>>
> To: <realtraders@xxxxxxxxxxxxxxx>> > Sent: Sunday,
March 07, 2004 11:39 AM> > Subject: Re: [RT] nasdaq and sp500
top> >> >> > > One can not predict the
future with 100% reliability, but one cantrade> >
with> > > a very high degree of probability, 80%+. As
for owning the world, not> > with> > > the current
liquidity.> > >> > >> > > -----
Original Message -----> > > From: "RB"
<rhodes@xxxxxxxxxxxxxx>> > > To:
<realtraders@xxxxxxxxxxxxxxx>> > > Sent: Sunday, March
07, 2004 1:41 PM> > > Subject: Re: [RT] nasdaq and sp500
top> > >> > >> > > > The future
can not be predicted period. If one could, they wouldown>
> the> > > > world. But, since one can't, we are
in the same boat. :) Run don't> > walk> > >
> from someone saying this or that predicts this or that.> >
> >> > > > ----- Original Message -----> >
> > From: "Alex Bell" <alex_bell@xxxxxxx>> > >
> To: "profitok" <realtraders@xxxxxxxxxxxxxxx>> > >
> Sent: Sunday, March 07, 2004 7:01 AM> > > > Subject:
Re: [RT] nasdaq and sp500 top> > > >> > >
>> > > > > Hello Ben,> > > >
>> > > > > I have overlaid it over Wilshire
5000 index portfolio (symbol> WINDX).> > > > >
See attached. As far as I can see (and of
course I may be> missing> > > > > smth.)
for the last year the study predicted about 5 tops that>
didn't> > > > > occur and suggested no one long (didn't
predict any bottom).> > > > >> > > >
> Best regards,> > > > >
Alex
mailto:alex_bell@xxxxxxx> > > > >> > >
> >> > > > > Sunday, March 7, 2004, 8:14:26 AM,
you wrote:> > > > >> > > > > p>
Hello> > > > >> > > > > p> this
is my long term trading> > > > > p> it is done on
the weekly bars of the whilshire 5000> > > >
> p> (almost all stocks traded)> > > > >>
> > > > p> when the line reaches the top it is a good time
to exit your> > > > conservative money and 401K and
IRA> > > > >> > > > > p> right
now we are VERY close to a top (max upside
potentialis> > 250> > > > whilshire
5000 points)> > > > >> > > > > p>
the chrt is reduced to a 1/10 of value (current close
11314)> > > > > p> Ben> > > >
>> > > > >> > > > >> >
> > > Yahoo! Groups Links> > > > >>
> > > >> > > > >> > > >
>> > > > >> > > >> > >
>> > > >> > > >> > >
>> > > > Yahoo! Groups Links> > >
>> > > >> > > >> > >
>> > >> > >> > >> >
>> > > Yahoo! Groups Links> > >> >
>> > >> > >> > >> >
>> >> >> >> >>
>> > Yahoo! Groups Links> >> >>
>> >> >>
>>>>>>>>>
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