LOL. Since I can't stop laughing about the CTFC's stupidity, I just thought why not come up with a counter-theory? I say that rather than Technical Analysis, Fundamental analysis is bullshit! Why? Because Technical Analysis Doesn't - Can't - Won't lie. It tells you EXACTLY what's going on in any given timeframe. FUNDAMENTAL analysis, however, does nothing but give us figures - Figures that are supposed to be informative to us - And in many cases are FAKE, FAKE, and FAKE. Anybody remember Enron? To make this clear, folks - Fundamentals aren't of any use, because stock prices don't give a flying hoot about fundamentals. Stocks' prices don't change because that's what they're WORTH! They change because of what people THINK they're worth and what they're prepared to pay for it and what they're prepared to sell it for! Prices aren't determined by figures, they're determined by opinions. If nobody knows your stock or nobody want's to buy it, it ain't worth a cent! It's as simple as that. Is that enough proof that fundamentals are fundamentally nonsense? Does that maybe even suggest that fundamentals are just something that companies / analysts subject us to in order to bias us into a decision to buy or sell as stock? Appreciate some creative feedback... ~The Scientist
This is the way I trade so I guess you can say I play roulette every day. If the qoute is green and the market is green = I buy If the quote is red and the market is red = I sell Black qoute = flat market = no trades It works for me. http://www1.iwon.com/home/games/games_unreg_overview/0,1901,,00.html
LOL. And I thought you were a position trader indahook? No fundy's there? Try this: 1. Find a random NASDAQ stock with a beta of 3 or higher. 2. Bring it up on the screen (Lv2, 1,3,5,10-min chart, arbitrary) 3.Find a die with 6 sides and roll it. 3. If die# <4 then golong; else goshort (limit order) 4. Set trailing stop just below low of last candle / above high of last candle. Wait until position exits. 5. Roll die again. Restart at 1., 2., or 3., at your discretion. 6. Happy Gambling! If you do this long enough, you will actually make money! ~Scientist
...Question: Without Fundamental analysis, is there technical analysis? You have to have something to drive the stock don;t you?
Yes, TM - And this is what drives the stock; The market is simply a chaotically controlled mind hive of market participants and differing opinions participating in an orchestrated, anarchistic, orgy of price discovery. ~Scientist
__________________ LOL. And I thought you were a position trader indahook? No fundy's there? Try this: 1. Find a random NASDAQ stock with a beta of 3 or higher. 2. Bring it up on the screen (Lv2, 1,3,5,10-min chart, arbitrary) 3.Find a die with 6 sides and roll it. 3. If die# <4 then golong; else goshort (limit order) 4. Set trailing stop just below low of last candle / above high of last candle. Wait until position exits. 5. Roll die again. Restart at 1., 2., or 3., at your discretion. 6. Happy Gambling! If you do this long enough, you will actually make money! ~Scientist __________________ I used to use CRYSTAL BALL for trading. Now I am gonna switch to new style. Thanks SCIENTIST.