Quote from marketsurfer:
I am in the book, so I am well versed in its content. In addition to actively placing capital with funds-- I know a little. I agree, it's a good book.
While there is a very short term edge ( less than 7 days time) when buying stocks that have pulled back, extensive studies on literally 10000's of trades have clearly shown no edge exists with this tactic over the longer term used in "trend following".
Now if you insist that every tic is a trend like a popular guru type on this board does, there is really no sense in chatting.
I disagree with your statements and definitions. Definitions are definitions regardless of whom espouses them. Regards. Surf
I hope you aren't hanging your hat on being referenced in a book?
In regards to your referencing "extensive studies" showing no edge on buying or selling pull backs in longer term upswings or downturns in a market, please post a link to those studies. Your research and statement is inaccurate again.
Saying that every tic is a trend is as foolhardy and idiotic as saying that trend following means to buy highs and sell lows. Any "guru" or anyone else for that matter that would make a statement like that is certifiable.
With a nickname like "marketsurfer" I would expect you to know how to negotiate a wave. It is obvious that is not the case but clearly the opposite.
Your friend EMGLOBAL is a wave rider, maybe you ought to take some lessons. We've ridden some of the some water there in south Texas. Riding the waves in the ocean is identical to riding a chart. You either learn negotiate the water or it wins. You aren't smarter than the water my friend but you sure act like it.
Any friend of ER is a friend of mine.
D), isn't that like trying to ride a dead horse?