Connacher Oil & Gas Ltd CLLZF

RE: RE: RE: MACD

[Wellsitter]

Those things don't effect my trading because those are emotional issues. I base my decisions strictly on the proportional mathematics of technical analysis. I read the charts. I believe the charts. And I act based on the charts.

Be that as it may, one thing I can tell you is that the charts indicate only what is likely to happen. The charts never, ever say "when" it's going to happen. That's why I spent so much time developing the MACD algorithm that I use. It gives me greater confidence in my timing but it is by no means "fool-proof".

If you trade based upon emotion, you are destined to fail because you can never know everything that will effect your position. Mathematical statistics simply improve my odds of buying and selling at a better time than my "gut" can provide.

As for the malfeasance of management, I mentioned that I trade currencies too. Do you think governments and central bankers have greater integrity than CEO's? I have had my lunch stolen by the Bank of Japan and their currency "interventions" more times than I care to remember. Again, the math improves my odds but it doesn't make me bullet-proof.