Hi Bill; RE>then you believe in the concept and are on the search for the perfect indicator! <<
I may give that impression, at one time I'm sure I was, more recently
I have come to see that there can be no such thing.
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One needs to have the time to develope indicators , track the market and keep an open mind to the fact that indicators that once worked
good can stop working or actually reverse.
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The market is in a
state of change and the more advanced traders are always developing
new ways to part people from their money. For market thieves
this is a full time job and few of us individuals can even
conceive how crooked the dedicated professional theif can be. <G>
They wrap themselves up in noble looking cloth, and daperdan
personalities that it's difficult to see them for the real
jack the ripper sneaky little sluts that they are.
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The perfect indicator is a myth, and has no hope of ever existing,
in this sea of change called the stock market.
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Some FA I do in a general sence and its longer term than you
may expect. I've worked as a cargo super on tankers, and Capt
on the supply boats and I know more about the workings of the oil business than I want to explain..oil prices are greatly manipulated
and impact us going forward much more than any other commodity
in the world. I was (in 96,) correct in the longer
term effect when the big run up in oil prices started.
The linkage is not exactly "short term" the cost of energy
is in every thing we do, and the over all impact is much greater
than interest rate changes, which are a sort of adjustment
or trailing effect to energy cost.
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I find it odd at this time
for the worlds number one commodity to have gotten so much
cheaper while silver and gold are going up..the combined
effect I have not had time to run through the hopper yet.
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This guy Buffet or what ever, is no GOD in my books and his
wisdom IMO is over rated just because he happened to be
at the right place at the right time years ago..he has also
made some bad calls in the past that most people tend to ignore.
I've tracked his holdings and see him as a caggy operator.
Watching BRKa Incan tell you he is slick..beliving press releases
he leaks out are without motives or in the interest of honesty
is like believing Nixon was not a crook. Yep thats it Buffet
is now the Nixon of the stock market, and has out done that
George guy..
Jim
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