Posted by: Samsara August 7, 2007
Stock Broker??
Login in to Rate this Post:     0       ?        
This bibas dude makes me wanna laugh my lungs out..."many people would disagree but I am a huge critique of chartists. I believe it is impossible to predict the market consistently." So what're you trying to prove, smartazz? Fundamentals work ALL THE TIME?? Hahahaha Hell, if anyone could predict the market consistently, then we'd be seeing a trillionaire/quadrillionaire today!! Its like predicting the weather, damnit...Its not perfect half the time but an educated guess is whats important here. Yeah, yeah, fundamentals are important but all the trading greats didn’t become greats by trading fundamentals! Looks like you're still in school being corrupted by those one-track minded professors who know jack about how the charts work. Hahahah Know that the leading minds who treated/treat technical analysis like an unwanted step-child are the same fools who led Bush Sr. into calling Reaganomics: Voodoo Economics!! I'd scoff at those bird brains who only can prove their point while giving a hindsight to a boom/collapse. Why can't they give a foresight to future happenings if they think they're experts? Even a lowly Bachelor's degree weilding industry analyst can give a hindsight with the same if not more points than these retard professors!! BTW, no disrespect, academicians may be smart in their own right but making money in the market is not one of them. A point in case: The 2 great Nobel in Economics winners, Robert Merton and Myron Scholes (of the breakthrough Black-Scholes model) and a group of investors funded and opened the greatest Wall Street fiasco ever, Long Term Capital Management that lost billions within a few years of its initiation...The sucka Scholes himself lost nearly everything. If he was the smartest out there and had all the fundamentals and theories at his fingertips, why did fug this happen? BTW, there are tens of thousands of traders (and Banks included) on the Street who make their living off technicals and for you to say that you're its critique, leads me to ask you if you or any academicians you know trade fundamentals and can consistently predict the market?? A BIG NO, Mr. "Fundamental" Trader (an industry joke!)!! Now go and do some research before saying which works: Techincals or Fundamentals as you apparantly have not! "Continue your annotations, continue your questionings": Walt Whitman
Read Full Discussion Thread for this article