| Topic Name: |
CMT |
| Message Name: |
TA Works |
| Date Posted: |
07/31/2001 |
| In Reply To: |
Maybe you should refocus your efforts less on analyzing me and more on your potential career (and it's only going to remain potential if you continue in the TA cult). You certainly need to do more research when you go around ruminating on how great Prudential is.
If the market is discounting what FA would indicate (not the case), then it is most certainly discounting whatever value TA has (none, in my opinion) even faster. It's even easier to stare at a chart and mumble portenous oracles than actually attempt to understand what's going on. My gosh, it might actually take more than a minute to analyze a stock!
TA's not becoming more popular, as momentum investing (which is all that TA is) has been discredited, at least for the moment.
But, go ahead, continue to believe in your TA cult. It'll get you far........I'm sure. |
| Message: |
Hi agorelik,
It seems like you are a designated writer by vault on this board. You are suppose to be an expert isn't it?
Talking about Andrew Lo, I have been his student in the past and know personally what he thinks. So don't try to suppose "I will talk to him".
Also you mentioned that I have lot of useless certifications what is useless MBA, CFA or CPA????? Just that I can learn from the "Expert".
TA is not a perfect science at this time agreed. When the force of Gravity was not proved people were still droping objects from the height expecting it to fall. Similarly there lot of stuff that TA talks about needs scientic proof. But it doen't mean that it dosen't exist.
Prof. Charles Lee of Cornell suggests using fundamental analysis to pick stocks and then trade them based to TA indicators (Especially Momentum indicator) the time horizon of the momentum trades should be less then 9 monts. OK if fundamental is all that matters then why the stock moves every hour does the fundametals of the company change every hour.
Economics and trading is all about demand and supply, the underlying value doesn't matter especially in short term. TA is not about patterns TA is about finding the balance of demand and supply looking at the trend and volume (both reflect demand-supply move and weight with which it is moving).
The popular press has given bad name to TA because lot of amateure get in the field and claim they are masters of TA. Some one mentioned that there are far less jobs for TA compared to FA in mutual fund complex. Agree completely. But the fact that there are some if any position of TA in a mutual fund complex suggests that money managers are using it...
Come on don't give you opinion based on popular beliefs do your own research...
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