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Strategies & Market Trends : Complacency Indexes -- Ignore unavailable to you. Want to Upgrade?

To: William JH who wrote (795)	3/22/2002 12:00:29 PM
From: TechTrader42	Read Replies (1) \| Respond to of 1487

I haven't said it doesn't work -- or if I did say it, I was kidding. As a tool for disciplined, experienced traders who use TA wisely, it does work. As a belief system for newbies or addicted gamblers hoping to persuade themselves that they can get rich quick, it probably doesn't work, any more than alchemy works. But whatever. I'm only dabbling with play money, not day-trading with retirees' hard-earned serious cash, so what would I know? If you'd let me squander some of your retirement money, I'd get serious. I'm thinking of opening a Squander Fund, for the investor who wants to get it over with quickly instead of agonizing for years over mounting losses. The Squander Hedge Fund would lose it all in days, in a short series of horrendous, heart-stopping trades. I'd use official TA buy signals based on oscillators to expedite the eventual disaster. Testimonial: "I lost everything in just two days! The losses were staggering. I hope the Squander Fund is soon recognized for its genius!"