Forum Archive Index - October 2003

[fntradingsolutions <fntrade@bigpond.net.au>]

Snoopy you are TOO pedantic. Relax a bit go withthe flow. I lack the
Knowledge of English to comdat you with this language. In Dutch,Malay or
Indonesian I can better explain. to ME to go beyong FA would take me hours
and hours because I could also elaborate on TA, There are Chartists, Pure
Cycle Traders, There are Luna Cycle Traders, Astrological Traders, ETC<ETC
For Donald Ducks Sake please settle for FA.
----- Original Message -----
From: <tennyson@caverock.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, October 14, 2003 9:34 AM
Subject: Re: [sharechat] Woody


> Hi Woody
>
> First thing I object to is your use of the term 'F/A traders'.    Did it
occur
> to you that if you use F/A you might be a 'buy and holder'?    Indeed as
> far as the income tax department goes I imagine the number of F/A
> traders is almost nil, since to admit to being a 'trader' will
disadvantage
> you for tax purposes.
>
> >
> >I believe that all the information about a Stock, Commodity,
> > Currency or Bond is reflected in the Chart.
> >
> > You have Price: Which is both a Fundamental and Technical Issue
> > You have Time: Which is only a Technical Issue
> > You have Support and Resistance.
> > You have Cycles.
> >
> > Price is what the Market is willing to Pay: Now all the FA traders do
> > their research come to a conclusion and from this they formulate a
> > Price, a value for the Market. The Buyers wont pay more and Sellers
> > wont accept less. Now this creates a memory in the Market.
> >This memory is called Support and Resistance.
> >TA traders read this message and
> > formulate from their charts that the Max Price for the Market is $x.00
> > and the Min Price is $y.00. So they note the Support and Resistance
> > lines on their charts. Now every time a price moves near a Resistance
> > line both old and new. The Buyers hesitate the FA traders hesitate
> > because their value indicators say DO not pay any more for this
> > Market.  The TA traders do not need to say that they just watch their
> > lines and they know that the Market will hesitate at the line or even
> > stop. Now if the Majority of the FA traders decide that THIS is the
> > Price then they will not pay anymore, so the Market stops. They TA
> > traders are already prepared for this and place their stops there or
> > Exit the Market. Now the FA sellers use their value indicators to tell
> > them that this is a good place to sell, WE HAVE SOLD HERE BEFORE.
> >( Hence a Cycle )
> >
>
> You were going well, but I think your logic just derailed.    An F/A
> analyst will have an idea of fair value and well sell if a share becomes
> grossly overvalued.  If a trader is riding a trend they will generally be
> late to exit becuae they won't know that a trend has ended until it has
> ended (so to speak).  So the (reactive) traders profit will be lower
> because they are late to sell and were late to buy in the first place.

There is Fuzzy Logic, Lateral Logic, Lineal Logic, Quantaum Logic, Illogic,
Your Logic and My Logic.

PLEASE TO TELL WHICH ONE IS DERAILED!!!!!
>
> >
> >The TA traders already know this from their charts in
> > fact they can often PREDICT this price and the time it will hit this
> > Resistance area by Simple Maths.
> >
>
> You are speaking too generally here.  I know for a fact that Phaedrus
> uses a purely reactive trading system and does not try to predict
> anything.  The advantage of your system is that if you can pick the top
> in advance you will sell out at a better price than the likes of Phaedrus.

WAKE UP SNOOPY I HAVE NEITHER THE SPACE NOR THE TIME TO TO SPEAK ANYTHING
ELSE BUT GENERALLY!!!!!
>
> This disadvantage of your system is that a support/resistance line only
> holds until it doesn't hold.   In other words selling at a support line
does
> not guarantee that a share will not go higher.   Buying at a resistance
> line does not guarantee that the share price will not go lower.    One
> way to see if the support/resistance line will hold is to see if the F/A
> still looks OK if they are broken.   Even doing that is no guarantee.
> But investing is not about guarantees.   It is about stacking odds in
> your favour.   F/A can do this for you.  T/A cannot.  Let me explain why
> I say that.

SINCE OUR COMPANY MAKE AN EXCELLENT PROFIT AND WE HAVE APPLIED FOR AND WILL
RECIEVE AND A SECURITIES LICENCE TO OPERATE A HEDGE FUND IN THE NEAR FUTURE
I FAIL TO SEE THE DISSADVANTAGE OF MY SYSTEM.
>
> Think of buying an antique clock as an analagous example.    I buy a
> clock for $2000 and stick it on my mantlepiece.  In two years time I
> offer to sell it to you for $2100.  Do you buy it from me or not?
>
> I guess the first thing you would do is go and visit the antique shops
> and see what similar clocks are selling for.   Let's say most were priced
> around $2200.    So the facts are clock prices are on an uptrend and
> you have a chance to buy one at less than market price.    So do you
> buy it from me?  I will be interested in your answer!

MY ANSWER IS SIMPLE I WILL PAY YOU WHAT EVER THE CLOCK IS WORTH TO ME.

IF IT IS ' NEUCHATEL GRANDE SONNEIE ' I WOULD PAY YOU A FORTUNE

IF IT WAS A PENDULE NEUCHATALOISE I WOULD PAY ONLY $2000.

HOWEVER IF IT WAS A  PENDULE NEUCHATALOISE  LOUIS XV THEN MAN I WOULD PAY
YOU $1000'SSSS

>
> >
> >SO YOU SEE FA TRADERS:  You do all the work for us we just read
> >between the lines. YOU spend hours researching this and that so that
> >you can create a Support and a Resistance line that repeats
> sometime
> >for weeks, sometimes for months and even for years. So thank you
> FA
> >traders for all your hard work we TA traders just need to spend a few
> >minutes interpreting your HARD WORK to make a trade.
> >
>
> Your trust in the work of F/A analysts is admirable.    However, what
> you see as a share price is simply an averaged guess amongst all
> market players.  It doesn't give you any idea of what could happen
> should some of those F/A assumptions you are so confident are
> correct go wrong.
>
> SNOOPY
>
>
>
> --
> Message sent by Snoopy
> on Pegasus Mail version 4.02
> ----------------------------------
> "You can tell me I'm wrong twice,
> but that still only makes me wrong once."
>
>
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>



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