southbeachrat
TSP Strategist
- Reaction score
- 1
Re: Birchtree's account talk
				
			"Too often, investors only look at the short and medium term trends in the markets. When we have had a year with exceptionally damaging sub-prime problems, it is time to step back and look at 5+ and 15+ year views. It is only the longer term views that can give you a clear picture of how much damage has been done."
The definition of "short and medium term" can be a very subjective period of time. I agree that 1 year does not define a long term trend over the life cycle of the average investor. I believe the further back one looks for a trendline, the more meaningless that trend becomes. There is a big difference between 5 and 15 year views on a monthly chart. the further back one looks...the bigger that price channel becomes.
I guess we all can be guilty of trying to see what we want in charts when it comes to trying to apply them to our personal time frames.
 
	 
 
		 
 
		 
 
		 
	
 
 
		 
 
		 
 
		 
 
		 
 
		 
 
		