Replies to post #124977 on DD Support Board and Research Team

[bar1080]

You're a sharp scambuster, Surfkast. Ever consider that your technical analysis is based on flim flam, malarkey or even a scam, and one that CAN'T be stopped because it's so profitable for book publishers, brokers, brokerage houses and many others? Technical analysis encourages hyper-trading, as opposed to the buy/hold advice of Ben Graham & Buffett. Technical analysis promotes tax inefficient trading... bad for the investor, but good for public coffers.

In 1960 the Attorney General of NY tried to stop the publication of a best selling book, "How I Made $2,000,000 in the Stock Market" by Nicholas Darvas, a professional dancer with conveniently murky European pre-war roots. The suit was the first to be taken under a NY law that banned misrepresentation in giving investment advice.

Likely Darvas's claim of investment success was baloney. He never produced brokerage proof of this success. But the courts ruled that a book can't be banned in the US. Darvas's book -- I read it as teenager long ago -- endorsed a variant of charting. We do know that some recent investing best-sellers have hinged on inflated success claims... for example, The Beardstown Ladies debacle of the late 1980s.

https://en.wikipedia.org/wiki/Nicolas_Darvas

I suspect that Darvas's books and the ensuing failure to stop them provided the template for decades of fictitious How-to investing guides, many based on technical analysis.

https://en.wikipedia.org/wiki/Beardstown_Ladies

This subject is perfectly appropriate for the DD Support Board and Fraud Research board.

[janice shell]

I usually use the RSI, Accum/Dist and the CMF for guidelines.

I think accumulation/distribution can be extremely misleading, especially in low-priced pennies. I couldn't begin to count the times I've seen people claim accumulation is through the roof, when in reality toxic funders are dumping enormous amounts every day.

And of course the same claim is made for stocks at no bid. Some can't seem to figure out that when there's no bid, it's impossible to calculation accumulation/distribution, because every trade looks like a buy.