Tuesday, October 25, 2005

Not yet

The signal is not confirmed.

7 Comments:

Anonymous Yaniverse said...

I believe technical analysis is not possible, or at least, not possible by amateurs.
If it was possible, then well-funded Walsteet firms would use this analysis to 'buy' before you are able to, driving the price up.

Why not just settle for market-average returns, as the Efficient Market Theory predicts, and focus your effort on other directions, such as reducing costs or increasing income?

12:58 AM  
Blogger Jack said...

Hello yaniverse,

First of all, I don't believe "strongly" in technical analysis, but to some extent, I believe it can provide a good hint on when to invest and when to sell. Suppose you have a security to buy or to sell, but you don't have to do it today. You used value investing to find a good company to invest in. Say for instance the company is "AllState", which has been battered following hurricanes. Would you have invested in AllState the day after we learned that Katrina flooded New Orleans streets? You would have lost 20% of you investment in a few days. Did Katrina modified the fundamentals of AllStates? I don't think so.

So if your decision to buy AllStates would have been to wait for the hurricanes to be behind us, after the market having sent AllStates down enough to take the profit loss into account, you would have been doing technical analysis. Technical analysis is just another tool to decide when to buy/sell, but I would not buy a security I don't believe in, fundamentally (which is why I trade the S&P500 and not penny stocks, for instance).

Relating to your argument "well-funded Wallstreet firms would use this analysis to buy before you are able to", I have to says two things.

First, they do. Technical analysis tells you before it is published in the papers that well-funded Wallstreet firms think the market should go up. You just jump in the train before it is too late (generally, when analysists increase ratings on a security, the price of this rating increase is already reflected in the price ahead of the rating increase).

Second, well-funded Wallstreet firms don't have the same edges that you average citizens have. They have undoubtely information edges you will never have. But you have also some edges: for instance, you are able to sell 100% of you stocks with not effect on the security sold. If Warren Buffet was to sell all his shares of Coca-Cola, for instance, the shares would go down dramatically before he would have been able to get rid of them. Thus, when someone like Buffet sells security, he is not doing that with the idea of buying Coca-Cola in three months, if the future seems to be more promising for Coca-Cola. He will either hold or sell, but will not be playing with the security. As a "citizen", you are better able to play the market than most big Wall-Street firms and fund managers.

Regards,
Jack.

5:59 AM  
Blogger ninest123 Ninest said...

ninest123 10.26
nike outlet, michael kors outlet, michael kors outlet online, gucci handbags, louis vuitton outlet, ugg boots, replica watches, polo outlet, burberry handbags, christian louboutin shoes, polo ralph lauren outlet online, christian louboutin outlet, oakley sunglasses, uggs outlet, christian louboutin, louis vuitton outlet, ugg boots, michael kors outlet, chanel handbags, ray ban sunglasses, jordan shoes, prada outlet, oakley sunglasses wholesale, nike air max, cheap oakley sunglasses, michael kors outlet online, uggs on sale, burberry outlet, oakley sunglasses, louis vuitton, christian louboutin uk, kate spade outlet, nike free, louis vuitton outlet, tiffany and co, replica watches, nike air max, longchamp outlet, uggs outlet, longchamp outlet, tiffany jewelry, longchamp outlet, ray ban sunglasses, michael kors outlet online, louis vuitton, prada handbags, michael kors outlet store, ray ban sunglasses

7:19 PM  
Blogger ninest123 Ninest said...

sac vanessa bruno, louboutin pas cher, new balance, hollister uk, coach outlet store online, longchamp pas cher, nike tn, nike air max uk, north face, true religion outlet, lululemon canada, michael kors outlet, true religion outlet, coach purses, abercrombie and fitch uk, sac longchamp pas cher, polo ralph lauren, ray ban uk, vans pas cher, nike free run, air max, michael kors, north face uk, hollister pas cher, oakley pas cher, converse pas cher, nike free uk, nike air force, true religion outlet, coach outlet, jordan pas cher, sac hermes, guess pas cher, nike roshe, polo lacoste, nike roshe run uk, michael kors pas cher, ray ban pas cher, nike air max uk, kate spade, burberry pas cher, nike air max, nike blazer pas cher, ralph lauren uk, coach outlet, michael kors, hogan outlet, mulberry uk, timberland pas cher, true religion jeans

7:21 PM  
Blogger ninest123 Ninest said...

mac cosmetics, gucci, hollister, herve leger, babyliss, hermes belt, soccer jerseys, nike trainers uk, celine handbags, vans, abercrombie and fitch, jimmy choo outlet, giuseppe zanotti outlet, nike air max, ferragamo shoes, lululemon, ray ban, ralph lauren, iphone 6 cases, converse outlet, asics running shoes, ghd hair, north face outlet, valentino shoes, timberland boots, insanity workout, nike air max, north face outlet, nfl jerseys, chi flat iron, hollister, vans outlet, beats by dre, soccer shoes, longchamp uk, p90x workout, louboutin, oakley, mont blanc pens, mcm handbags, converse, reebok outlet, hollister clothing, baseball bats, wedding dresses, nike roshe run, bottega veneta, new balance shoes, nike huaraches, instyler, tory burch outlet, oakley sunglasses

7:23 PM  
Blogger ninest123 Ninest said...

louis vuitton, thomas sabo, michael kors outlet, louis vuitton, pandora jewelry, swarovski crystal, canada goose outlet, juicy couture outlet, barbour, louis vuitton, canada goose jackets, hollister, marc jacobs, barbour uk, moncler outlet, louis vuitton, canada goose outlet, supra shoes, canada goose, canada goose outlet, moncler uk, michael kors outlet online, toms shoes, wedding dresses, pandora jewelry, ugg pas cher, ugg,ugg australia,ugg italia, swarovski, doudoune moncler, moncler, pandora uk, moncler, moncler, juicy couture outlet, michael kors handbags, replica watches, ugg,uggs,uggs canada, ugg uk, pandora charms, louis vuitton, montre pas cher, moncler outlet, moncler, lancel, canada goose, ugg, doke gabbana, links of london, canada goose, karen millen uk, canada goose uk, coach outlet
ninest123 10.26

7:25 PM  
Anonymous chellie said...

I need more skill with the signals.

6:58 AM  

Post a Comment

<< Home