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sludgehound

05/17/15 12:51 PM

#564648 RE: Tuff-Stuff #564622

Drink to dat! Biz Insider chart reminder

Nice to see old fave Sam Adams Boston lead the pack. Lot of interesting ones on list. Ironically Food Emporium carries some fairly unusual brands, domestic & foreign. One thing is that if they don't sell well within a month or so they are gone.

Check out this short reminder about the perils of charting. Adds to the funda vs technical debate. Prob better to be a hybrid trader or 60-40% one side or other.
Fundas do have advantage of clearing out large amounts of stocks not worth the effort due to accounting issues, nationality, etc.
But in 'less risky scam' areas like ETFs, futures, FX, and such the technicals count a lot more on daily basis. Just gotta be careful of macro issues like overnight rate changes, crop failures, sector rotation, even bank rigging like over Libor.
Some fun right. Ah drawing another cold one this fine spring day.

sludgehound

05/17/15 1:20 PM

#564649 RE: Tuff-Stuff #564622

Business Insider reminder about charting

http://e.businessinsider.com/view/4bb22379e3065cb907b4e3a25558a5eb975910a03a1375aa/9cf2b4a0

I never forgot my college economics professor's simple warning about the problem with stock market charts
by David W. Bianchi, "Blue Chip Kids" on May 17, 2015, 10:30 AM