RE:RE:RE:RE:RE:RE:RE:Yesterday gains wiped outhi marcel7: I thank you for your insights and experience regarding good fundamentals and stock picking. I agree with you whole heartedly, probably moreso with largecaps. Time will tell whether it pans out with the small - midcap stocks I own. Maybe too much time.
However, I think that equating TA with the casino games is a huge stretch. There are so many people trading on TAs that at the very minimum it seems to be a self-fulfilling prophesy. But, from a fundamental viewpoint it makes very little sense. More to do with crowd mentality and psychology. Best wishes,
Marcel7 wrote: adamchess wrote: I am surprised that some guys find the TA side boring. It seems to move the market very predictably. I am basically a fundamentalist, but that doesn't always work out with all the short attacks sending my stocks seriously underwater. Just hoping they come back but long time holding my breathe. Fundamentals on CXR have always been a positive and its too bad this info cannot be kept in a separate sub-folder on SH so that we can go there without looking at the TA stuff. At least TA gives me/us a chance of fighting back and make back a little. I, for one, find the TA interesting as part of the investing equation and don't have anyone to talk to about it or to learn from other than books. Best regards and GLTA.
Maybe a group of us could get a private room (hehe) on SH or somewhere to discuss the daily TA? I don't really know how the "Friends" thing works on SH. I see some of the guys hesitate to use the messages on SH. Can friends broadcast a private message to the group? Do you have to be a SH premium member to invite friends? Cheers all.
I have no problem with TA being on the board, and am certainly not complaining about it being on the board. It's just not my cup fo tea. I have never seen anything that shows that it's predictions give statistically significant positive results. If anyone can direct me to anything that says otherwise I would gladly jump in and trade on TA indicators that predict statistically significant positive results. But IMO, it appears more like gambling to me. Like, ok, the roulette wheel has come up black 4 times, then red 4 times, so I think it will be black next time. I know that is an over simplification, but unless you can demonstrate to me that it is not essentially equivalent, then I think it is valid comparison. For me, fundamentals give me a far better prediction of the future stock price, not tomorrow, or a week from now, but a year down the road. And there are plenty of studies and real life examples of fundamentals showing that investing in this way yields statistically significant positive results.
I should add, I don't think TA is useless, I think it is a great tool for understanding what other market participants may be doing, however, I think it's predictive power is limited.
GLTA