Yes, the reading can truly consume one's time :) Good investing Jake.


>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>