Hi Cardcounter,
I really like your posts, but I wish you would get rid of your Java joke. It really makes me nervous. I am a little more than twice a natural 21 and my heart isn't what it used to be.
Here in the Washington, D.C. metro area we have radio stations that have business news talk all day long, the financial advisers pay the station for a slot and then give advice to call-ins, and the station tells the listeners how to call them and gives their phone numbers, interesting way to "try before you buy". Anyway, speaking of technical analysis, one fellow a couple of weeks ago gave a long spiel about his take on the market, and then when he took a station break someone from the station came on and said he was using the wrong numbers, he had the numbers from an hour before the market closed, and then the financial adviser came back on and gave a completely different spiel. Without embarrassment. He was a technical analyst, of course.
But, I do think that there is wisdom in going with the flow. No matter how good your fundamental analysis is, if the market doesn't agree, so what?
My hypothesis is that some people are better at contrarian analysis because they just naturally go against the grain, and others are better at spotting trends, while others are better at smelling bargains, and that you should use your strengths.
Please don't let your membership expire. I want you to stick around.
See you,
CobaltBlue |
