>>>>>assuming it is possible to divine the future with any degree of accuracy in the first place.>>>
uncle frank, it's true that nobody has an inside track with the big giant head,
but some think they do and they will flame anybody that doesn't believe they do, the market is an emotional creature, a dysfunctional person, a manic-depressive, going from elation to depression.
people who use t/a try to use different indicators and methods to define the when we are in a period of elation and use moving averages, bollinger bands, sentiment indicators, etc. , patterns to define a pullback in that trend to go long, and they do the same when they think the trend has topped and turned to depression, to sell the market or go short.
If you were a dyed in the wool fundamentalist, using historic benchmarks you would have been in treasury bonds and cash since 1996.
stocks are pretty much like movie trends, hemline trends, or wallpaper trends -g-
what's hot today, may be NOT tomorrow -g-
So do you think they'll have the krispy kreme vs dunkin donuts face off on the Today show again in a year or two from now -gg-
tech stocks are way more emotional than your average jelly filled, that's why your pure fundamentalist buffet doesn't buy em.
and i think the only investment he would make with kkd, is a dozen to go |
