|
PureBytes Links
Trading Reference Links
|
That is a good point. Sound bites are often misrepresentative. The
technician knows when he/she is wrong, because the market should act a
certain way if the analysis is correct. The fundamental analyst needs to
wait for the surprise earnings warning instead.
Steve
---
Steven W. Poser, President
Poser Global Market Strategies Inc.
http://www.poserglobal.com
swp@xxxxxxxxxxxxxxx
Tel: 201-995-0845
Fax: 201-995-0846
-----Original Message-----
From: Earl Adamy [mailto:eadamy@xxxxxxxxxx]
Sent: Sunday, October 29, 2000 8:59 AM
To: realtraders@xxxxxxxxxxx
Subject: Re: [RT] Why rats and pigeons might make better investors than
people do
Even "wrong" can be difficult to measure. A technician has guideposts
along the way to tell him/her when the price analysis is wrong and a
position should be closed or reversed. Technicians commenting for the
media are not generally given the opportunity to say "... but if x price
is broken, we will exit/reverse the position." Thus the "track records"
shown for each guest on CNBC represents only a "buy and hold" strategy,
not the real world. I suppose there are some analysts who would hold
through some of the 75%+ draw downs shown, but most would have the sense
to get out somewhat earlier.
Earl
----- Original Message -----
From: "Steven W. Poser" <swp@xxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxx>
Sent: Sunday, October 29, 2000 6:11 AM
Subject: RE: [RT] Why rats and pigeons might make better investors than
people do
> As for the CNBC comment, I suspect if the study looked at the % of
> technicians that were wrong compared to the % offundamental analysts
that
> were wrong, they'd get a different result.
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxx
-------------------------- eGroups Sponsor -------------------------~-~>
eLerts
It's Easy. It's Fun. Best of All, it's Free!
http://click.egroups.com/1/9699/0/_/152424/_/972829288/
---------------------------------------------------------------------_->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxx
|