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Strategies & Market Trends : Point and Figure Charting -- Ignore unavailable to you. Want to Upgrade?

To: AdvocatusDiaboli who wrote (32820)	2/4/2020 8:30:29 PM
From: Underexposed	Respond to of 34811

That's ok. Most people think that Technical Analysis is a cookie cutter recipe. sometimes it is very clear and no one TA person differs from another... on other times there are grey areas and we differ. Another problem with analysis in general... No one states at the beginning the object of their assessment. They don't say if it will last a couple of days or whether they are taking a longer view of a month or so. I would say most TA assessments are for no longer than a week.in general. Myself I am a long term trader. You can see it in the Fantasy portfolios in my thread. A 1 month hold is short for me and a 2-3 month hold is typical. I don't talk to myself when I judge a chart but I do when I analyze a chart here. I do it for 2 reasons: 1. My parameters for my charts are not the norm and the way I interpret a chart is not the norm. I offer detailed written analysis so that maybe someone will pick up on what I do. Most investors do not know what to do themselves....they depend on others to direct them and as such are vulnerable and often led astray. I have been in other stock sites where the owners of the site were hired by companies to lead their patrons astray...I was kicked off several because I was spoiling their "MOMO" moments..... I was tired of seeing lambs being led to the slaughter. This site is unique in this regard. I see little evidence of ripping off the patrons. I sometimes see bad advice in my opinion but nothing like bogus sites I have been on. So on this hand I try to educate people on how I access a stock. Though I don't think I am too successful in that regard :) 2. I write out detailed assessments because it helps me. Good TA is organic. As you delve into it you test assumptions and look for patterns that you never saw before. Some of my best discoveries come from questions from my readers on what I do. So no you haven't hurt my feelings. I was an industrial salesman for 20 years of my working life and there you don't get a sale with every call. I know how to assess a sales presentation. and that presentation is designed to garner customers.... you don't get customers preaching doom and gloom. Are they being dishonest?...I don't think so. There are always variations of outcomes in any set of data. My father had a saying "Never be afraid of making a mistake. To never make a mistake means you are not trying to be better. However, if you do make a mistake,ALWAYS make sure the mistake is a cheap one and learn something from it.". I still doubt there will be a resumption of the Bull market in the USA that has been there for over 5 years. But we shall see... the balls are still in the air... the last 2 trading days don't change my opinion. Good Luck UE

To: AdvocatusDiaboli who wrote (32820)	2/5/2020 4:21:11 AM
From: Underexposed	Respond to of 34811

Hi AD when I gave my response to that video I had only gave the video a cursory look. Something nagged me about that presentation. It sounded too marketing to me ....just a nagging feeling. But I have looked into it further and have some things a little more critical to point out. First I want to show a 10 year chart based on daily points for the SPX 500 Now they talk about the mild correction in the blue circle at 2016.... even the Moi lady would be able pick out the real bullish double bottom in that circle... you don't need 75 and 200 day SMA crossovers to spot that possibility. Now look at the present day blue circle.... does that chart look significant compared those of real $SPX bear runs following a pullback.... I don't think so..... The current situation is a mere blip in the chart compared to other events in the past. NOW look how each Bear/Bull event started...doesn't it look similar to what it currently looks like... It could go either way frankly...BUT IT IS NOT the end of anything significant yet. Note that the presentation offers no information as to what was going on during these events. Are you that naive that you do not believe that local, company, country or world influence financial markets. Good news begets good response... bad news causes a bad response. 2008 was the result of world financial meltdown, the bullish 2016 rise was Trump's election, 2018 was a year of world turbulence...fighting climate change views, Trump insulting all his allies, Kashoghii killed by the Saudis...unending fighting Look at the financial meltdown of 2008 and the big one of 2019....Look at the one they do not talk about that was quite serious at the time ...2018 -2019....What are the good things happening today? The coronavirus is over...not really, it has just really started with deaths and occurrences slowly increasing. Climate change is a myth...hahaha tell that to Australia as it burns and other firestorms Peace and harmony in the USA government hardly. Great outlook for business...yeah, the number 2 country in the world is in the toilet right now and if you think the longer this lasts the better it is for the USA....think again. Trump escapes outright impeachment but by trickery and partisanship not a trail trial. No these are not great times. Now this might be the start of a bearish correction or a every tiny correction with a bullish continuation..... who knows... though my impression this is the start of a bear run....not the end of one...but either way hardly follows the examples that they point to.This is not the end of something but rather the beginning. This video is a sales presentation...not really good TA in my opinion. They want your business. UE