I have watched the trading advice of so called 'experts' for years and I have came to the conclusion the best policy is to take a contradictory position. http://www.nytimes.com/2009/03/26/opinion/26Kristof.html?_r=1&emc=eta1
There's a guy (I think it's a guy, but am not positive) named stock_trd3r on here. If you take a contrary position to his, you'll always bank money. From time to time, he's quiet, but that's only when the markets are in freefall. When things stabilize a little, he comes out and screams buy. It's like playing an easy game of whack-a-mole.
nazzdack wrote on: 03-27-09 07:20 PM -------------------------------------------------------------------------------- Quote from chartman: .....the best policy...... -------------------------------------------------------------------------------- What if the advice that you are "fading" is from somebody who is already fading somebody else? ------------------------------------------------------------------------------- You can be assured, beyond any doubt, that if someone 'really' knew anything worthwhile about market direction you would be the last one they told, especially on a forum such as this.