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Both would yield identical profits over time so picking one over the shows no advantage.

Ahhh....Nice to see someone who has a clue. TA tells you absolutely nothing about the probability of what the market will do given X. Most folks think if you count 100 ascending triangles and 60 of them make a minimum of a 10% profitable move then the probability of an ascending triangle...

Technical Analysis, along with any other type of analysis, requires the art of interpretation.

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Good point. Even though I don't use it many people seem to spend a good portion of their lives on that site. There are a lot of opportunities for this company so even though I don't particularly care for the site as an unbiased view the company has significant upside postential. From a...

Me too and I go on it about once per month. WTF is there to do over there? Look at your high school girlfriend's ripped husband? Amazing how some people spend their lives there with a gazillion friends, like that funny Toyota commercial. Come to think of it, FB may have something going here...

In the video he simply said short equities. Yes, he did make money in Fannie and the banks but to be short the market, as the video implies, would result in financial ruin. As far as proof, it's derived by inference.

By chance do you mean the "mean" instead of meme?

TA is like any type of analysis. It not so much the science behind it as much as it is the person interpreting the science. Trading is an art, not a science. We just use scientific tools to help us conduct our artistic activities.

You are quite right. If anyone cared to research it they would find Rogers was saying to buy commodities as the market was plummeting. The average investor wouldn't have been able to ride out a storm like that, and he's been saying to short stocks for years -- years while stocks have done...

You think you can prove (even though you don't care to) the market is not random b/c it trends or chops for a certain % of time? Perhaps a bit of research on Monte Carlo methods would help. It's uncanny how a known random time series looks exactly like a stock chart when it's plotted out...

You seem to think the market is not random because you've hit a string of winning days. The market absolutely is random and some very sharp fellows tend to agree with me. http://en.wikipedia.org/wiki/Stochastic_calculus

You've obviously never studied quantitative finance. What field do you think Banks recruit from? Yup -- Quantitative Finance. An example of a job listing. You won't see anything about "ability to read charts" LOL...

Disagree. It's the random element of the market that makes averaging at certain times a viable strategy. You can't just do it blindly, however. It has to be done strategically.

This happened to me a lot early in my career. I would re-enter at the stop location if I had a good feeling it would reverse after taking me out. To this day, I average down (and up) but it has to be done within reason. You have to have a max loss limit in place or you can get really stung...

The biggest advantage Buffett has is he doesn't have to run his investment shop like a mutual fund. There is no idle cash sitting around dragging down performance, and no redemptions causing sales of stocks he'd rather not sell. If an opportunity shows up all he has to do is tap BRK for the...

I absolutely, positively hate accounting. You shouldn't have to take more than 2 accouting classes -- financial and managerial. Just do what you gotta do to get through them. I suspect you'd have to take these two classes with a Econ major as well. My advice would be to become fluent in a...

I did my undergrad in Finance and found it didn't open many doors then I did my masters in Quantitative Finance, which is similar to this program. They have changed it a bit since I went there. If you can get through this program it will open A LOT of doors...

Agree. If you're good at math major in Applied Mathematics and take classes in Time Series Analysis and Stochastic Calculus. A minor in Econ wouldn't hurt but neither would not stepping foot in an economics class. After all, the market is nothing but a stream of data.

Ummm....there was no incumbent in either of those years.