Replies to post #144248 on Sino Agro Food Inc (fka SIAF)

[jyyoo]

ValueInvestor01 can you please have this debate somewhere else? It is hilarious reading about how you think technical analysis is like palm reading. How old are you and how many millions have you made/manage to claim only value investing works and TA doesn't?

I personally know countless investment managers and traders who have made millions using technical analysis over many years. There are other many well known who have traded through bull and bear markets for over 30+ years, do you think all of them are just lucky? Just because you do not understand TA does not mean it doesn't work..Look up Ed Seykota, Ed Thorp, Mark Minervini, Tom Basso, Dan Zanger, Paul Tudor Jones etc. Go to their mansions (if security lets you past the gate) and tell them TA doesn't work...I'm sure you'd give them a good laugh.

Also look up Stanley Druckenmiller who broke the Bank of England with George Soros who uses technical analysis. Druckenmiller didn't have a single down year in 30+ years with average returns of over 30%.

I use liquidity considerations and technical analysis for timing. Valuation only tells me how far the market can go once a catalyst enters the picture to change the market direction. The catalyst is liquidity, and hopefully my technical analysis will pick it up. -Stan Druckenmiller

That is not to say value investing does not work but don't be so arrogantly naïve about TA. There are many ways to make money in the market, not just one.