Ok! I do not know how to read, how to reason, and do not know anything about TA, and you know everything. Pls tell me how many times in your previous prediction 10 predictions, you can accurately predict the movement of stock price accurately ?
1. I have never said "I know everything", YOU made such assumption.
2. The reason I said what I said, (and still stand in my eyes), was based on the responses you have given me.
3. I have NEVER said that my, (or anybody else's) predictions are 100% error free.
4. However, I do remember making statements to the POSSIBILITY that LU may have reached a short term top, and as a matter of fact read this:
Message 7171130
In that post dated Jan 8, 1999 (11:41 AM) I questioned the continuing strength of LU (SHORT TERM).... As it happens... on January 8th. Lucent reached a high (intraday) of 120.00, and a closing price of 115.25.... I believe, (I UNDELINE, I BELIEVE), an all time high....(short term, in my opinion).... from there, it went down to the recent low of (intraday) of 94, with a closing of 97.25, I believe, in that time Jorg X. McKie, (another Voodoo follower), called it correctly.
Now, if you care to read the response post to my call: (A supreme moron, at best). And there were others, similar.
techstocks.com
In addition, you can go and check similar responses to Jorg X. when he made his call that LU would go to 94.... I believe it was... well, YOURSELF, who made yet again, another arrogant response, (and wrong).
If I remember well, there has been another, (or maybe 2), instance(s) that were of a similar nature, but not nearly as accurate as the one above. Oh! wait....
Indeed only yesterday I suggested that Lucent in fact, may march on upwards... check it out....
Message 7965613
....and today... well, little Lucy is up another two points.... (at least at the time of this writing), and even more than what other Voodoo mates have indicated, 105, 106 and 107 come to mind, I even advertised my trading strategies.... selling covered calls, at specific levels. These very same calls, today are even more expensive than yesterday... hehehehehehe..... So I may, (I would really want to wait for 110)... but I am not greedy, I will look at .... oh well, the charts !!
Not trying to prove anything, just answering Mr. Ed's question. Then again, I guess it is my turn to be a pompous arse, otherwise I may lose my membership in this Lucent thread.
So Mr. Ed.... do the above "calls" qualify to show you some "significant statistical value ?? .... yielding say, a relevant "confidence level".....or am I "just lucky, hence a fool in your eyes"
YOU KNOW WHAT? I DO NOT GIVE [the proverbial] RAT'S ARSE, WHAT YOU THINK, I AM JUST SHOWING YOU THE ABOVE SO YOU UNDERSTAND THAT AT WORST, MY POSTS ARE MORE VALUABLE, ENTERTAINING, AND ACCURATE THAN YOUR:
"You are a fool and I know it all"... rubbish!
Now as a favor, (not a recommendation)..... take a look at SCHWAB (SCH).... up again today.... more HEHEHEHEHEHEHE..... And I could show you a PM to prove to you, that I called such ahead of time.....
But you don't deserve it, you are only a moron, (with a PhD, most probably, but still a moron).
There, my dues are paid to the arrogants, I have reciprocated in kind.
Now.... I do not give that much importance to the above, because all these calls are, "guesstimates" simply because it is too dangerous to start "believing you are infallible". I do not do that, read the post carefully, and what I am looking for is to motivate other opinions in order to see if there is a consensus.
Read this again, so you understand it.
I DO NOT PRETEND TO BE A GURU OF ANY KIND, I HAVE READ BOOKS ON T/A, I FIND IT VERY HELPFUL IN MY INVESTMENT STRATEGY, BUT I DO NOT FOLLOW IT BLINDLY. NOR I EXPECT ANYONE TO DO SO. I am an independent investor, a solo operator. I hate to be a "leader"... I do not like herding sheep.
You, don't have to read my posts, remember, there is the "next" button.
I LOOK AT SI AS A "SENTIMENT INDICATOR". Only part of the picture... and yes, I admit to entertain myself with the plethora of fauna in this jungle.... <g>. Particularly with great samples of the "missing link", such as yourself.
I treat trading as a contact sport... and while I did play football a little, soccer is my forte... however football seems to be a better analogy, in which even if you have the best possible strategy, sometimes you have to be extremely flexible and say....right on the verge of executing a trade, as if you were on the line, ready to call the play.... you look at the defensive line, and it is best to change the play, because otherwise, you will get eaten alive.
Once committed, then you have to follow strict discipline or else, risk big losses....
Imagine driving at 180 mph, going into a corner, attempting to "out-brake" your opponent.... remember you can't lock wheels, it will give you a flat spot on your tires, and there is about less than a second to make the proper decision..... there is no time for "second thoughts", there is a specific technique, and you MUST follow it to the detail, or else risk ending up against the guard rail... and, if it is raining... easier it is to lock wheels, which could make you slide off into the guard rail too.
Trading is like that....but you would not understand about those things.
Likewise, in trading, you may have made all the studies, all the chart reading you want, fundamental considerations, etc..... yet all of a sudden you see a chart formation (real time), that does not fit prior conclusions..... well, at such time it is best to change strategies.... to the point that it may be best to step away and NOT TRADE at all.
Under the current trading environment, a week ago I was convinced we were tanking (the entire market), after Friday and Monday.... I am not too sure of that, but at the same time I am not very convinced that the current rally carries the necessary strength to be of a long term nature, however, it is tradable... Again, my opinion only.
Now that can change, and there are two things that help me here:
The first is the psychological sentiment, and second, yes, the charts.
Seek proof ?
I just look at my account, if it is increasing, then my confidence level increases, at which time, I step back and say to myself, careful now, don't let it go to your head, because it can cost you.
Then I become more aware and careful so as to avoid over-confident. So in answering your question, I do not care about the "10 predictions" as you are requesting, because they are meaningless going forward, every time is different. Besides, I am not interested in a pissing contest with the likes of you, if you discard my opinion, fine by me, but if you call me a fool, then I will respond in kind, (up to a point), and show you that the real fool is you.
My best measure is the way my trading account shows, if it is healthy and fattening, then I am doing something right..... and currently, such is the case. Two years ago I would not be too sure.... but that is another story.
You are a big fool in my eye !!!!!!!!!!!!!!!! If you do not know anything, pls just be silent , and no one will blame you at all !!!
See, this is what I object. Your arrogant attitude that implies YOU know it all, and everyone else should just listen to you, and unless they are the typical lick myrearend and agree with what I say or else be quiet..... a prevalent attitude in this thread.
On top of that, you are the one that starts with the insults... tscht, tscht... once you fire first I have no consideration whatsoever to idiots like you, I will have a field day..... Mr. ED.
And the more arrogant they are, the better I become at it.
Now... what have been your contributions anyway ? to agree with the majority ? to copy some news that a talking head wrote ? Give me a break, at least bring something entertaining to the table in stead of just becoming another boring rah, rah, with the writing style of a resident of the morgue hotel...
Are we assume that this is your "exciting mode" -------> !!!!!!!!
Blame me ??? For what should I be blamed... here you go with your "fear of the authority/god bullshit", I do not have to worry if you (or anybody else), are going to "blame me" I speak my mind.
If you like it fine, if you don't that is your prerogative, but worry about blame ? try this line with some one else, I could not care less what you or an entire collection of Internet Quasimodos will think of what I say or not.
I could go on.... but if you have some "sense" you are the one that should stop addressing me, you are boring.
btw.... yes, I did study statistics, and even economics in college... but you know what..... I found the former, extremely boring, and the latter irrelevant... my opinion only of course. I am sure that statistics does have a valuable niche in this world of ours, as for economics.... give me a break, but I will be nice, and won't say a thing.... I do not want to hurt egos around here.
Nuclear Astrology may have a better chance at predicting economic events, and don't use Alan Greenspan as an example, he is in a class of his own.... he is an objectivist, a disciple of Ayn Rand, one of the best, (and improved).
Once again, I do not trade to show off my pedigree, or the expensive education I forced upon my parents, you see, I come from a long pedigree of master degrees, PhD's and other sundry pretentious diplomas... luckily for me, I chose a more practical route, and it has worked. You could say... "I am the black sheep of the family", but just as well.... I am the one better off hehehehehehe.....
I trade to make money, and slowly I am beginning to get the hang of it. In the trading world, one startling "statistic" that I am beginning to identify, is --that there is a strong correlation between losers, and pompous arses, the more pretentious, the more vociferous, yet the more irrelevant they are.... there is a good "confidence level" there for you <g>.
And be objective now.... I am talking strictly trading. Nothing else.
So there you have it, Mr. ED, not quite as non-sensical as you would wish... I won't tell you to "be silent", as it is not my style. Just a favor, don't address me any more, there seems to be a large difference in the wavelengths between you and I, so don't be a moron any more and attempt communication with me.... it is an impossibility
Besides, I dislike morons. Even if they are engineers, or the like. I do not object to higher education, but I do object to the thinking that by definition, (or mere reference), a higher education represents street smarts and trading excellence. In fact, I am almost certain.... (say an 85% "confidence level", so you understand...<g>), that the more arrogant and educated a person is, the higher the number of times that the same person will get his rear end kicked in a trading environment....
btw... so you know... some of the BEST traders there are, are high school drop-outs. (I am sure that makes you feel warm and fuzzy... <g>). In all probability you hold a PhD.... (But I won't hold that against you ... hehehehehe....
That is the reason why, for these highly decorated individuals, the strategy of "buy and hold" is the best.... they have less chance of getting.... burned. Unless of course, they learn to be more humble.
Once again... Have a nice life... Mr. ED. Hee haw, hee haw, hee haw.
And for your further benefit, so you don't think I am really mean.... read this:
Message 7969783
Even YOU could learn something... but it requires that you lose your arrogant air.... highly unlikely.
p.s. And remember, today Saint Alan is speaking.... he could throw out any and all strategies devised.... |
