The storm is coming.
Technicains Beware,
When the markets turn sour, which inevitably they will, all the good money will find a warm home in strong fundamentals and all the technical money will be lost.
Take heed.
Chaza,
Please posts grounds / substantiation for your claim that this will not be plain sailing!
I mean, perhaps that red sky at sunset / (oops dawn) was just the inside of bloodshot eyes?
It's happened before you know !!
LOLOLOLOLOL
Funny stuff.
You dont know what your on about buddy.
Its the TA and systems traders that exit at the first sign of trouble, and actually the fundamentalists that hold "until the end" and top up on "weakness".
Those that trade the PRICE ACTION (which is what matters), are the ones who cut their losers and let their winners run, not the fundamental analysis types.
Take heed, my friend.
I don't think so. Get a few FA's in a room to value a company and there is likely to be blood spilt... case in point BHP thread.The boot may be on the other foot. It is the "Tecs" exiting on the first sign of trouble that has a domino effect which in turn is the real cause of violent fluctuations in the market. Of course this is often by design because it is the fluctuations themselves that allow them to exist.
If there were a true fundamental base to the market then prices would only change if the fundamentals change.
Imagine what it would be like for a wage earner if the wages were set daily on a technical basis.
I don't think so. Get a few FA's in a room to value a company and there is likely to be blood spilt... case in point BHP thread.
In fact, TA was born of the observation of fluctuations in price. Jap rice traders => candlesticks etc.
The boot may be on the other foot. It is the "Tecs" exiting on the first sign of trouble that has a domino effect which in turn is the real cause of violent fluctuations in the market. Of course this is often by design because it is the fluctuations themselves that allow them to exist.
If there were a true fundamental base to the market then prices would only change if the fundamentals change.
Imagine what it would be like for a wage earner if the wages were set daily on a technical basis.
LOLNiz just choses to speculate on caravans and trade them as a house before it turns back to a caravan, most punters do to some extent......just to different degree's/investment of thier funds
LOL
A wealth building investor will be prepared to sit out the bear markets with the conviction that their investments are sound and will come good. For an income trader that means starvation.
Not challenging you Knobby, just interested to know: At what point would a FA go to cash, what would be the signal to sell?A really good fundamental investor will have sold all their investments before the downturn.
.Not challenging you Knobby, just interested to know: At what point would a FA go to cash, what would be the signal to sell?
To be honest, I don't have a view. As I trade US stocks and commod exchanges they're just not on my radar..
Wayne,
Fundamentalists positions would be liquid once the initial reasons for investment changes (wether that price action /forward views etc).
Economics aside Wayne, a simple question?, even though you have no interest in IPO's or investing in market dynamics.
6 months ago what was your view on the ore market, particularily forward view of the manganise upstarts in the midwest and the likely hood of offshore follow through investment near term. What is your view now on the state of these business near term..........youre neck of the woods GBG say. I know my views have changed
To be honest, I don't have a view. As I trade US stocks and commod exchanges they're just not on my radar.
Ask me something about corn acreages or something.
Get a few TA's in a room to mark up a chart (eg Elliott Wave counts, even trend lines and support/resistance) and there is likely to be blood spilt, too...Get a few FA's in a room to value a company and there is likely to be blood spilt... case in point BHP thread.
Not challenging you Knobby, just interested to know: At what point would a FA go to cash, what would be the signal to sell?
That's probably because with FA you can fool yourself for longer that your analysis is adding value when it most likely isn't. Most traders/investors that I am aware of simply do not compare their results with random entry. This is essential in my view to determine whether your analysis is adding value, subtracting value or is simply value neutral.
You can make money with FA, TA, darts, whatever - it isn't the analysis that makes the bulk of the money for successful traders/investors.
youre neck of the woods GBG say. I know my views have changed
Red faces, bulging eyeballs, shouting, stamping of feet, throwing of coffee cups... but blood? Never!Get a few TA's in a room to mark up a chart (eg Elliott Wave counts, even trend lines and support/resistance) and there is likely to be blood spilt, too...
Easy to say, (hard to do). When the market looks too hot and expensive especially compared to interest rates, especially when interest rates are rising, especially when unrealistic assumptions occur. We are also allowed to look over our technical traders shoulders.
I'm not talking a correction here but a crash e.g.'87. I know this means we may go early but we aren't as quick. I know a few investors who sold before the crash, I didn't start investing till '89. I know one guy who even sold his house!!!! Hope I am up to it.
By the way, I am becoming quite liquid at present finding that I am being forced to sell, particularly industrials, though I don't expect a crash (yet) maybe a good correction is due. We are starting to see some unrealistic assumptions but as everyone knows a bull market will always last longer than you expect.
Software which can analyse just about anything. a constant flow of new software with more powerful capabilities is being released almost weekly.Analysing powr NEVER seen before.
Now go fly the JUMBO. Either by instrument (Technical) or Manual (Fundamental.) or BOTH.
Some who are experienced pilots will succeed.
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