Agreed. Put your money where your mouth is. I enjoy trading with fundamental trends and have been able to live very comfortably doing so.
mike covel with some interesting words on trend--- can anyone make sense out of this-----admits trend doesn't exist, but then how can it be used?? what am i missing???? http://www.turtletrader.com/mp3/searching-for-trend.mp3 surf
storm clouds are looming above and u hear thunder. it begins to rain. it will continue to rain until it isn't raining anymore.
Wannabe Sage. America is full of those "sage types". All he needs is a bestseller. The trading tribe apparently only sold 1000 copies.
Food for thought: I ran some stats on S&P 500 going back to 1950. Likelihood of price remaining above 200dma at least 200 days is about once every 2.7 yrs. Same likelihood for price below 200dma at least 200days is once every 11 years. That pretty much says that sustainable trends do exist relative to some metric (in this case 200dma). And that biases exist as well. Pick any year to go long on the basic mechanical ma crossover and you have about a 1 in 3 chance of riding it for close to a year (10 months). Try going short on that signal and your chance has diminished radically. Strip away the Rorschach visual trend definitions, and underneath there are underlying objective statistics that can be utilized. Unfortunately, far too few books cover this type of approach. The deluge of TA books are pretty much subjective and worthless.
thanks for the info. yeah, its odd material--particularly in light of the polyamory group connection: http://www.worldpolyamoryassociatio...each2004/laguna_beach_faculty.html#Ed Seykota regards, surf