A good answer, Bob. I look forward to your sharing your system. I've found that most analysts eventually share their best systems, after the systems have invariably been proved worthless by an unpredictable market.
I chose Love Canal for my speculative endeavors because experts have guided me toward highly volatile areas when it comes to the pursuit of wealth through idle gambling. Whether it's volatile chemicals or volatile stocks, opportunities for gain may well be greater.
I'm able to negotiate the soggier areas of the canal by piling up a vast collection of indestructible, impenetrable TA books for stepping stones. I'm currently navigating my way toward what may turn out to be a very profitable area of the canal, with the help of the thirty-seventh edition of the 800-page "Technical Abtraction of Entirely Illusory Stock Trends," by Mister Magoo. It really is an indispensable resource for those with a fondness for wading through crap.
Magoo has identified two types of stock trends: down and farther down. In uptrends, he notes, prices tend to go down. In downtrends, stocks tend to go down further. In reversals, usually identified by mass delusion and hysteria, stocks tend to drift out of sight for brief unpredictable, unsustainable periods. Because Magoo is myopic (a condition that gives him special insight into TA charts), his studies and illustrations tend to be confusing. This makes his analysis all the more compelling to students of technical analysis.
I don't know whether Magoo's book is available in English. I'm not sure what language my edition is in. |
