Forum Archive Index - April 2004

["Woody deJong" <solarmax@optusnet.com.au>]

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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