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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Jeff who wrote (55850)4/24/2002 4:04:54 PM
From: Ron Dior  Read Replies (5) of 99280
 
Jeff I have been listening to your calls/thoughts. I can appreciate the hard work you put into your technical analysis but am sorry to say you might as well throw chicken bones onto the ground and dance around them. T/A is sketchily accurate at best. Things such as double tops can only be known after the fact. If reasoning such as, a stock that makes new lows continues to make new lows wouldn't all stocks eventually go to 0? What came first the chicken or the egg? You say the crap gets pumped up ALWAYS near the top. During the big tech bubble at what point did YOU call the top? Was it Nas 2000, 3000, 4000? You say your sell signal last week was accurate? Accurate according to which time frame? If one was using a timeframe of one week maybe you are correct, but what about 6 months? At 6 months your call becomes worthless. At what point will you truly know if your call or Hal’s call is the correct one? If the Nas is at 1850 by Friday is Larry suddenly right? These are all questions that can’t be answered because the right call can only be known after the fact. As an investor the best you can do is buy and hold stocks. If a stock breaks out of its base add to its position, if a stock falls 15% below it’s buy point you should sell. If you believe anything else you might as well go search for unicorns in the city of Atlantis.

Ron Dior
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