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[sharechat] WHS and Trend Followers


From: Phaedrus <Phaedrus@techemail.com>
Date: Tue, 24 Jun 2003 00:06:05 -0700 (PDT)


Snoopy,
       I have some experience of trading without computers. Do you know what we 
did? We constucted our price charts manually, using graph paper. We drew 
trendlines with a pencil and ruler. For simple, unsophisticated techniques such 
as this, very little has changed.
 You are drawing a very long bow indeed classing your putative "coffee table 
traders" as users of TA. I could utilise equally ill informed punters as 
examples of the folly of using FA. (They bought because they read in the paper 
that XYZ was cheap because it had a low P/E). A very sloppy argument Snoopy - 
not up to your usual standard at all!
       Regards,
                Phaedrus.

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