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Hi Woody,
I have always held your posts in very high
regard and your last post was no exception.
It was excellent - pioneering - and
very brave - proposing the exploration of uncharted territory and
encouraging everyone to broaden their horizons (think outside the
box).
In a brain-storming session, participants are
encouraged to 'think outside the box', take a non-judgemental
perspective, and contribute both pros and cons in a positive
manner.
In this way, new ideas that may have
great merit are not squashed before they are considered in their
entirety.
Your post reminded me of this, and as a life-long
learner, I can say I was truly excited by your post, your pioneering
spirit, and the prospect of exploring these
possibilities through the ensuing exchanges.
Of course, to be effective - it helps to have
more than one contribution so I can totally understand your
recent response.
Also, there is some risk associated with proposing
anything new and there is always
some resistance (and rejection) of the unknown and of uncharted
(please forgive the pun) territory.
There are some very knowledgeable and
experienced people who contribute to this forum and I sincerely hope they
re-weigh the possible benefits against the personal risk of
derision through exploring something new, offer to contribute, and
help you to reconsider, BUT; even if that doesn't happen, I still
hold hope you will reconsider and stay - please?
Regards,
Cris
----- Original Message -----
Sent: Tuesday, April 13, 2004 10:06
PM
Subject: RE: [sharechat] Fundamentals
Snoopy! and his Pups woody reply Goody bye!!!!!!!!!!
I am not about to get involved into the grey areas of TA or FA.
As you
have pointed out and perhaps noticed my post have become less and
their
impute limited. I am a professional trader and am finding these
debates
tiresome. As you have pointed out this is a SHARE CHAT forum. I
am
obviously in the wrong place. I no longer have the time or the energy
to
debate with roundabout questions that have answers too profound for
this
forum. I have learnt a lot from those unwilling to learn from me. I
have
a business to run, a newly formed company to build up and trades
to
evaluate. I wish all success in your various endeavours but this
forum
is too time consuming for me. I am not a spoilt brat running away
from
your questions, I am far too busy now, and need to concentrate on
my
serious goals.
Sorry one and all Woody
-----Original
Message-----
From: sharechat-owner@sharechat.co.nz
[mailto:sharechat-owner@sharechat.co.nz]
On Behalf Of
tennyson@caverock.net.nz
Sent:
Tuesday, April 13, 2004 8:59 PM
To: sharechat@sharechat.co.nz
Subject:
RE: [sharechat] Fundamentals Snoopy! and his Pups woody reply
Hi
Woody,
>
> Snoopy
> If you researched TA even half as
much as I am now researching FA you
> would be half as close to
understanding TA. Obviously you see bars and
> I see stars where that
concerns. I fail to understand why you are so
> negative in such a broad
area.
>
I don't trade currencies or metals or sharemarket indices
like you do
Woody. Perhaps T/A works well in these
areas. I bow to your
superior experience in those
fields.
Meanwhile back in the world of shares (this is sharechat
after all) ,
which is where I operate, I have enough F/A opportunities to
research
without dipping into T/A. I let the T/A guys
and gals on this forum
keep me up to date with that side of
things!
>
> As for Put/Call ratio, Shorting Interest, etc,
they are
>decidingly Fundamental Indicators.
>
If that is
so, why don't companies report on measures like Put/Call
ratio, Shorting
Interest, etc,in their annual reports? Would you not
think that if
this was genuine fundamental information that investors
should know about,
that a least one company might incorporate such
information in their
annual report? Can you name one?
I notice you have
avoided answering my other questions, so I'll throw
them open to anyone
else on the forum who can answer them.
>
>q1/ What does the
graphical representation of the PE Ratio of the
>S&P500 shares tell
you, as a trader?
>
>I note that there is a quote given when
explaining the graph you post
>that
>
>"The PE ratio does
not work very well as a timing device"
>
>So what would you, as a
trader, hope to gain out of this P/E vs time
>graph you have
presented?
>
>
>q2/ I have to ask where is value in a
simple support
> resistance buy sell strategy that keeps you out of
winning
> trades?
>
>
> q3/ If a high resistance
level has not been
> established *ever*, then what is a chartist to
do? How do they
> avoid being flicked out of an
uptrending share the moment it
> encounters the slightest price wobble,
yet is still fundamentally very
> cheap? WRI would be a good
example here.
>
>
> q4/ From what I have been able to
figure,
> successful F/A strategies can be written down on
paper. By
> contrast successful T/A strategies
seem to have to be rewritten for
> each situation, with different
combinations of indicators for
> different shares and different time
periods. Why is that?
>
>
> q5/
The 'dot com' boom. Could T/A could have got you out
>( of
individual shares) before the big bust happened?
>
>
> q6/
when a share has low market liquidity, by using
> T/A you run the
risk of not buying a share while it is cheap and not
> entering
the share until any price run up is well underway.
True?
>
A still
curious
SNOOPY
--
Message sent by Snoopy
on
Pegasus Mail version 4.02
----------------------------------
"Q: If you
call a dog tail a leg, how many legs does a dog have?"
"A: Four.
Calling a tail a leg doesn't make it a
leg."
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