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Re: SSKILLZ1 post# 140709

Wednesday, 01/25/2012 12:32:44 PM

Wednesday, January 25, 2012 12:32:44 PM

Post# of 173805
SKILLZ1, have you noticed that even Cramer doesn't make as many "predictions" as he used to? I think the reason is that he started getting his performance measured and posted on several internet sites. Also some of his no-so-savvy listeners kept jumping in, then complaining that his predictions on individual stocks kept causing them to lose money, at least occasionally. His percentage of winning vs. losing calls has been debated many times over the years. Afterall, JC just refers to Jim Cramer, not the son of God.

In my experience (many years back), professional retail brokers typically gave suggestions about what should go up, but they typically included caveats (such as "All is just my opinion, and I could always be wrong though."). Later we learned that many times the retail brokers were selling stock held by the brokerage's own trading account.

You have not always been so vocal about what TA is telling you. It seems like you really only became very vocal about TA (tech anal) implications in 2011, and most of the time you cite only a couple of indicators. There are many possible combinations of technical indicators that the pro traders try to use, and they typically like to have a combination of favorite confirming indicators much of the time.

In my experience, and you've probably heard it many times as well, TA is most useful when it agrees with Fundamental Analysis.

Kurt Vonnegut wrote some great books and had a great philosophy of life:


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