Geronimo!
-
It's really not too bad right now for the buy and pray people since 8200 - 8300 seems to be a good support. As the time goes by well see if this is due to fundamentals or emotion. Either way, the trend is your friend.
Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long
modified on Friday, October 24, 2008 11:13 AM
Just curious how much of a "chartist" are you Chris?
This is what we've waited for This is it, boys, this is war
-
Just curious how much of a "chartist" are you Chris?
This is what we've waited for This is it, boys, this is war
I am pretty close to a stereotypical turtle trader. That is I don't put much faith in prognostications about the fundamentals of a security. I just make short to mid term trades based on TA(the chart) and couple of simple price pivot strategies. If I actually took buy and hold seriously I'd probably be more concerned with fundamentals and long term outlooks.
Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long
-
I am pretty close to a stereotypical turtle trader. That is I don't put much faith in prognostications about the fundamentals of a security. I just make short to mid term trades based on TA(the chart) and couple of simple price pivot strategies. If I actually took buy and hold seriously I'd probably be more concerned with fundamentals and long term outlooks.
Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long
Chris Austin wrote:
I am pretty close to a stereotypical turtle trader. That is I don't put much faith in prognostications about the fundamentals of a security. I just make short to mid term trades based on TA(the chart) and couple of simple price pivot strategies. If I actually took buy and hold seriously I'd probably be more concerned with fundamentals and long term outlooks.
Thought so. Myself, I'm more fundamentals. I used to have huge arguments about technical analysis with a couple of hedge fund guys. Not sure how they're doing in this market, but I'd be curious. I know one guy who is really into momentum trading. I suppose in the end it doesn't matter as long as you make some gains and remain solvent...
This is what we've waited for This is it, boys, this is war
-
Chris Austin wrote:
I am pretty close to a stereotypical turtle trader. That is I don't put much faith in prognostications about the fundamentals of a security. I just make short to mid term trades based on TA(the chart) and couple of simple price pivot strategies. If I actually took buy and hold seriously I'd probably be more concerned with fundamentals and long term outlooks.
Thought so. Myself, I'm more fundamentals. I used to have huge arguments about technical analysis with a couple of hedge fund guys. Not sure how they're doing in this market, but I'd be curious. I know one guy who is really into momentum trading. I suppose in the end it doesn't matter as long as you make some gains and remain solvent...
This is what we've waited for This is it, boys, this is war
I hate to say it but it's been a pretty decent time right now. These short buy and sell cycles are almost easily predictable right now. But, I am closing my positions pretty quickly these days since I honestly fear that there is some market manipulation that is keeping the market from breaking out further downward.
73Zeppelin wrote:
I suppose in and remain solvent...
No un-covered positions for me. I had an acquaintance who got the "margin call of death" when I first started this years ago. I was scared into covering everything since then.
Sovereign ingredient for a happy marriage: Pay cash or do without. Interest charges not only eat up a household budget; awareness of debt eats up domestic felicity. --Lazarus Long
-
Chris Austin wrote:
I am pretty close to a stereotypical turtle trader. That is I don't put much faith in prognostications about the fundamentals of a security. I just make short to mid term trades based on TA(the chart) and couple of simple price pivot strategies. If I actually took buy and hold seriously I'd probably be more concerned with fundamentals and long term outlooks.
Thought so. Myself, I'm more fundamentals. I used to have huge arguments about technical analysis with a couple of hedge fund guys. Not sure how they're doing in this market, but I'd be curious. I know one guy who is really into momentum trading. I suppose in the end it doesn't matter as long as you make some gains and remain solvent...
This is what we've waited for This is it, boys, this is war
73Zeppelin wrote:
I suppose in the end it doesn't matter as long as you make some gains and remain solvent...
especially if you don't give a fuck about the consequences in the Real WorldTM
If you kill a whale, you get Greenpeace and Jacques Cousteau on your back, but wipe out sardines and you get a canning subsidy! Fold with us! ¤ flickr
-
73Zeppelin wrote:
I suppose in the end it doesn't matter as long as you make some gains and remain solvent...
especially if you don't give a fuck about the consequences in the Real WorldTM
If you kill a whale, you get Greenpeace and Jacques Cousteau on your back, but wipe out sardines and you get a canning subsidy! Fold with us! ¤ flickr
Yeah, yeah. Capital markets drive the economy, be very careful about vilifying them. When rich nations do well, poor nations benefit. When rich nations do badly, poor nations suffer. Capitalism is not the evil it's made out to be, but it does make a convenient scapegoat.
This is what we've waited for This is it, boys, this is war
-
Yeah, yeah. Capital markets drive the economy, be very careful about vilifying them. When rich nations do well, poor nations benefit. When rich nations do badly, poor nations suffer. Capitalism is not the evil it's made out to be, but it does make a convenient scapegoat.
This is what we've waited for This is it, boys, this is war
-
Yeah, yeah. Capital markets drive the economy, be very careful about vilifying them. When rich nations do well, poor nations benefit. When rich nations do badly, poor nations suffer. Capitalism is not the evil it's made out to be, but it does make a convenient scapegoat.
This is what we've waited for This is it, boys, this is war
73Zeppelin wrote:
When rich nations do well, poor nations benefit. When rich nations do badly, poor nations suffer
When rich nations do well, poor nations suffer. When rich nations do badly, poor nations suffer. Look at Africa for instance "When the pitcher falls upon the stone, woe to the pitcher ; when the stone falls upon the pitcher, woe to the pitcher; whatever mishap, woe to the pitcher"
When they kick at your front door How you gonna come? With your hands on your head Or on the trigger of your gun?