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Poolman's Account Talk
- Thread starter poolman
- Start date
Rod
Well-known member
If it's to strictly follow what someone else is doing so you can then mirror their moves, then no.
I am not against this (i.e., our Premium Services) but more of us (especially the lurkers) would then be encouraged to manage our own accounts and not rely on someone else to do the leg-work. It's all about empowering and educating ourselves. That's all.
$.02
poolman
Top Return 2008
poolman
Top Return 2008
poolman
Top Return 2008
Well I don't know exactly how my day is going to play out tomorrow. I'm going to my Mother's and won't be back until around 5:00 p.m. Hopefully her INTERNET is working. Long story, She's a subscriber to AOL and pays every month for the last 7 year's but she doesn't do anything on line at all. I was able to use her userid and password over the Christmas break to sign on. I was updating her computer with massive updates all day over a 56K modem. Worst case scenario is I make and IFT over the phone and cannot post to AutoTracker. Hopefully EW will OK this. This is a very rare occasion for me. Who knows I may not even change my IFT.
Another interesting Video
http://uk.youtube.com/watch?v=nkZkIRUILfw
Corepuncher
Well-known member
Poolman, thanks for posting the links on a daily basis. I'm the scientific type and just want to point out a couple caveats. Again, I do enjoy watching the videos so don't get the wrong impression.
I do think there is merit in some technical analysis, but there some parts of it that to me, seem meaningless. For example, he is really big on the intraday candles, and will say things like "look at candle A compared to the next candle B, this is what you like to see". My only problem with this part of it is that the candles are a function of the time period they cover, and whether or not you catch a big move up or down within a PARTICULAR candle is really a matter of chance...thus a two candle formation (right next to each other) can look dramatically different if you shift the time period by just a few minutes.
The other part I am highly skeptical of is using moving averages as support or resistance levels. I like moving averages, as they summarize trends, but I do not believe they should be used like regular support and resistance levels, the reason being that people base their moves off levels (1380 on wed, etc), not off of what the moving value is over a time period, especially a long one (a move you made say 200 days ago is probably old news). Speaking for myself anyway...
That being said, I believe not much should be read into the bounce on Wed, as it really WAS highly "technical" in nature, IMO. The PPO/MACD is just sick, and suggest more downside. Look at the values now compared to the low values August and November. And...we couldn't hardly make a move above the zero line for the end of 2007.
I do think there is merit in some technical analysis, but there some parts of it that to me, seem meaningless. For example, he is really big on the intraday candles, and will say things like "look at candle A compared to the next candle B, this is what you like to see". My only problem with this part of it is that the candles are a function of the time period they cover, and whether or not you catch a big move up or down within a PARTICULAR candle is really a matter of chance...thus a two candle formation (right next to each other) can look dramatically different if you shift the time period by just a few minutes.
The other part I am highly skeptical of is using moving averages as support or resistance levels. I like moving averages, as they summarize trends, but I do not believe they should be used like regular support and resistance levels, the reason being that people base their moves off levels (1380 on wed, etc), not off of what the moving value is over a time period, especially a long one (a move you made say 200 days ago is probably old news). Speaking for myself anyway...
That being said, I believe not much should be read into the bounce on Wed, as it really WAS highly "technical" in nature, IMO. The PPO/MACD is just sick, and suggest more downside. Look at the values now compared to the low values August and November. And...we couldn't hardly make a move above the zero line for the end of 2007.
poolman
Top Return 2008
Corepuncher, I understand that not everything in this technical analysis video is or could be geared to the limits that we are constrained to with our tsp accounts. He and his group are day trader's. They trade several times a day.
What I personally like is that he gives a general summary of the markets and opinions of where it is going. You gain knowledge in chart analysis, candles, scholastics, volume, resistance, support, etc...
I'm glad you are getting something out of the video's though.
