Waiting for the big Kahuna Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: William H Huebl who wrote (13732)	2/1/1998 2:50:00 PM
From: James F. Hopkins	Read Replies (1) of 94695

Hi Bill; Are you still TAing indexes ? I know it don't work on indexes worth a flip. ( exception would be if it is confirmed by other indicators ) but as a stand alone it's garbage. It's to easy to fit past data to patterns and come up with what will look like it works. The index itself can lie about the money flow..large volume inside of it may go to the losers or winners, while the price moves can go the other way on small volume thus skewing the index oppoisite the money flow, it's in the nature of an Index that makes the TA on it unreliable, at least as a leading indicator. I can make up a dart board that one can toss darts at for market calls, 10 white squares for every 9 black ones, with white indicating up, and you will average about 50% right just tossing the darts. Toss a whole handfull every day and average them and predict the percetage move each day. ( LOL ) <g> Jim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next