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US Markets Update
Message
From
28/07/2010 14:18:21
 
 
To
28/07/2010 14:10:32
General information
Forum:
Politics
Category:
Other
Miscellaneous
Thread ID:
01474203
Message ID:
01474329
Views:
26
I'm much more amateur. I use tools from Schwab and my own instincts and formulas. That and A LOT of financial reading.

I'm being pushed to learn Trade Station, but I have so little free time as it is I'm reluctant to jump into yet another project.

...and then there's the whole "if it ain't broke..."

>Out of interest, what software do you use Jake, MetaStock or some other?
>
>
>>>I think its all suspect; no sooner is the "death" announced that, ta-dah! a reversal is a possibility and on the cards ... hmm ... well which is it then, sell or buy?
>>
>>Yes ;)
>>
>>>These types of "signals" have far too little historical data to prove anything one way or the other and even if such a signal did exist it would quickly be arbitraged out if existence.
>>
>>>Trying to time the market like this essentially implies that one is able to out-know, out-guess, out-etc all the other investors, mainly institutional, that have access to every conceivable trading system, database, software system, portfolio management and asset allocation tools available. I think that’s probably an unlikely eventuality in the long-term although we may get lucky and guess right sometimes.
>>
>>Over the long term I agree, the fundamentals will rule.
>>
>>In the short term the signals do matter and can be used profitaby, precisely because the institutions that move the market are using formulas and trading virtually instantaneously. The split-second those signals happen, the order are in.
>>
>>Bottom line, I don't have a blog and I just thought I'd fire a couple market thoughts onto the thread. ;)
>>
><snip>
Wine is sunlight, held together by water - Galileo Galilei
Un jour sans vin est comme un jour sans soleil - Louis Pasteur
Water separates the people of the world; wine unites them - anonymous
Wine is the most civilized thing in the world - Ernest Hemingway
Wine makes daily living easier, less hurried, with fewer tensions and more tolerance - Benjamin Franklin
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