Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: Mama Bear who wrote (5250)	12/30/1997 3:16:00 AM
From: StaggerLee	Read Replies (2) of 27307

OFF TOPIC more TA mumbo >> I'm always in awe of (his) practically calling the top tick to go short. He is a most talented technician<< Every study ever done says your "David Koresh of TA" would underperform the market over any extended period of time. If TA works, why hasn't anyone ever published a system that works? Why does every finance doctoral candidate avoid that arena? (Hint: "Because It Can't Be Shown To Work.") I have a program that allows you to select any random 10 year period of the SPX and use your own TA to buy and sell (at weekly increments, if you like) -- and what I've learned from playing with it is that IT'S IMPOSSIBLE TO BEAT BUY AND HOLD, I DON'T CARE WHAT YOU DO! The more you trade the more you underperform. Period. That stupid little program taught me more than all the theory I've ever read. I wish I'd had it 2 years ago, before I started getting cutsie and got out of stocks.

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