Quote from failed_trad3r:
You know the funny part about ENRON. They faked CASH. How the f*** do you fake cash??? That scares me, you can't really trust anything.
When the coming collapse comes, we might see some ETF's go belly up. Thats my thinking. They are new and still unproven IMO.
f_t, there is a larger concurrent point in me bringing up Enron .... it went-s like this ....
Balance sheet = could be real=true, could be fudged some or to the hilt
Earnings guidance etc., could be true or partially true or jiggered to fool or lull.
Point is, we the dummies will never know for sure ...
But there is JUST ONE FACT that nobody can fool us about or even try to fck with us ... that's the daily Open, High, Low, close of PRICE and the volume. This is all the edge we need. And the reason NOBODY has yet thought about corrupting the Open, close et al. is because they are all sure that technicans are total losers and that we ain't going to make no money anyway.
So, there on the chart (=O,H,L,C, vol, from which ALL TA is derived), lo and behold, in all its glory is the
footprint of ALL i.e. the honest ones, the grey area ones and even the mudderfckers - whatever shenanigans they spring, we the techies can see it clearly. They can't hide it from us.
That's our edge baby. Now if only we can convert it to some dough, we got's it made.
This is why I loooooove TA. They can all go fck themselves with their lies; me, I got's the truth; now all I gots to do is learn to use it well.
