OKE-dokee, someone has define-at-lee o'roled some featherZ here...
Again, another "to the T" post...unlike the style~~
I agree w/the majority...<quite a'bit of it actually, and remond'Z me the years beginning 1980 and up~~
But first of all, I'd like to toss this "edited" version, of an e-mail that I wrote to a "Fib fan"..<that's his latest rush>...that I had met a few years ago~~
Let us get back to "beginner mode"~~~
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<above was edited>
BTW, if you start thinking of "this game" as "quarter-horse" racing...you will do much better in the long run. No, not $0.25/scalping, but similar to the way you "thought you knew what you were doing"...when I first contacted you.
At that time, you were " an earnings player ", as you said that is what you were doing pre-canned scans from the "objectives" <criteria> THEY allowed you to...but in all actuality, and you will admit it now...you were "just a follower", as earnings reports are FA based, along with news... In which, both of these styles of "so called" investing are history long before the "layman" gets his hands/eyes on the results. Since then, you have some TA under your belt, and it has gone to your head, as of late...something bad.
Back to 50dma crap, and I do mean crap...as in "crap left on a trail"... The whole deal behind it is that this 50 <period>, just means that you are at 50 of 60 < the sixty is the amount of approximate trading days per fiscal quarter.>
Getting a clue yet?... Well, Insiders know what is happening... < first wave >....Then, due to their either purchasing/selling or whatever to their Brokers < second wave > .... Then the torch is passed <in most cases of larger corporations> to the Accounting Firm < third wave > ... This brings us to what some guy named Elliott,< hhmm, my ex's brothers name...but he was a golfer>..... thinks he thought of...the < fourth wave >. NEWS
Horizontal Control
And we both know, Doug invented the 5th.... <a continuation of a good thing>.. <sorry, I just took a moment of silence, and prayed to my god>
Waves ??.. No, more like LEAKS in the system/ticker/program/boat or whatever you decide to call it...and whether playing a stock or whatever financial instrument......either going up, or going down... the sooner the "leak" is caught, the sooner the problem...<ie..profit> is corrected...etc.
In todays society, in which I am able to watch exactly on a chart what is happening, then execute my own trade, from "bumb-f***" Montana, thru an agent/broker in New Jersey in less than 6 seconds time.... As compared to the way I did it in 1980 by opening up the "wall street journal".. Using a hightlight pen to highlite the tickers/gain/loss etc...logging it in a spiral folder daily, drawing charts on graph paper...and then calling a broker to get some DD on a company.
You must, as smart as you think you are, this is directed to my ex-buddy, that I wrote this to are going to have to realize that you are "still within the box" on certain things <methods> that you have read/practiced and testing tomorrow for...etc.... If you haven't... I really think this post from me will wake you up a bit.
Think about it...with todays computers, all "old hat" rules are really obsolete, as results of P and L sheets... For you, the untrained...in which I was schooled for 3 years in accounting...means Profit and Loss.... the calculations are available to anyone <within reason>.... IE = Insiders, at the touch of a fingertip...as for accounting......anytime they want it...
So, do you see the point I am trying to make <teach you>... That you have not heard anywhere else?... IS that the "old school" ways are just that.... The "spread time" between MA's... yes, moving averages... can very dramatically in frequency levels and time frames.
PS... If I was to ever have kids again, I would pray for triplets,,, And those 3 kids would be raised & educated in Accounting & Computer Science..... And their job goal in life I would implant into their tiny little heads is to each one being the Executive CPA of programming ,< IT in todays lingo > in the top 3 accounting firms in the world.
Then I could just sit back and watch~~~~~~~~~~~~~~~~
<end of e-mail to ex-FIB follower>
jjc |
