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To: UncleBigs who wrote (72309)10/19/2006 1:25:40 PM
From: Mr.Creosote  Respond to of 110194
 
What I am laughing at is not the concept of "trend" and "seasonality" but the concept of RSI, Stochastics, MA Xovers, Elliott Wave, and the other crap technical analysts are using on daily basis.

I also laugh at the fundamentalists who look at GDP, home sales, the loan situation, the debt in the system etc. who believe that somehow all of this stuff has an impact on what the major indicies will do over the next 3 months. That is just as laughable as what the TA guys do.

Every one of us has their own ideas of what information is important to use in placing trades and I just happen to have mine. I am sure you have yours.