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     i_claudius
Member
Username: i_claudius
Post Number: 1151
Registered: 11-2002Rating: N/A
Votes: 0
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| | Monday, December 22, 2003 - 08:36 am: |  
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Why is it so hard to prove that it works?
Claudius
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johnwor
Member
Username: johnwor
Post Number: 7
Registered: 09-2003Rating: N/A
Votes: 0
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| | Monday, December 22, 2003 - 08:57 am: |
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It is reassuring to see that Claudius has an enquiring mind!
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deanrosario
Member
Username: deanrosario
Post Number: 131
Registered: 11-2002Rating: N/A
Votes: 0
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| | Monday, December 22, 2003 - 09:00 am: |
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Good morning, Claudius
It's just as well we have annual results from the Super funds to prove that Fundamental Analysis, certainly doesn't work!!
DR
PS: Looking forward to some friendly interstate banter on what should be a deadly dull day on the market!
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i_claudius
Member
Username: i_claudius
Post Number: 1152
Registered: 11-2002Rating: N/A
Votes: 0
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| | Monday, December 22, 2003 - 09:47 am: |
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Hi Dean
You've probably got time then to fill in Column C with your Weinstein stages?
Claudius
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i_claudius
Member
Username: i_claudius
Post Number: 1153
Registered: 11-2002Rating: N/A
Votes: 0
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| | Monday, December 22, 2003 - 09:50 am: |
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Hi Johnwor
Curiosity is my second name !
Curious Claudius (oops make that my first name)
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deanrosario
Member
Username: deanrosario
Post Number: 132
Registered: 11-2002Rating: N/A
Votes: 0
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| | Monday, December 22, 2003 - 09:57 am: |
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Alas, Claudius, my knowledge of Mr Weinstein and his "stage theory(ies)" is non-existent.
However, from what I've been reading on this forum, there seems to be more art (subjectivity) than science (objectivity) in identifying in which Stage a stock is trading, and I'm trying to minimise amount of art that is required each trading day.
Additionally, I'm not sure if Stage Theory is all that important to my very short term commitment to any particular stock.
Best wishes
Dean
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i_claudius
Member
Username: i_claudius
Post Number: 1154
Registered: 11-2002Rating: N/A
Votes: 0
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| | Monday, December 22, 2003 - 10:05 am: |
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Dear Dean
I anticipated your response ...
So I guess you don't want to know that my Weinstein Stage 2 stocks are going up, my Weinstein Stage 4 stocks are going down and my Stage 1 and 3 stocks are fairly steady ...
All as expected by Weinstein ...
On Average ...
With Best Wishes
Curious Claudius
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deanrosario
Member
Username: deanrosario
Post Number: 133
Registered: 11-2002Rating: N/A
Votes: 0
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| | Monday, December 22, 2003 - 10:13 am: |
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The question then is ...
Is the Stage identified before the trend (or lack thereof) is obvious, or does one look for the trend and then sagaciously agree that Weinstein is a genius?
Hope I too can sell books one day to inform people that a stock price can either
(a) go up
(b) go down
(c) neither go up nor down...
Dean (too cynical when it comes to trading gurus and their theories)
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snifter
Member
Username: snifter
Post Number: 509
Registered: 11-2002Rating: N/A
Votes: 0
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| | Monday, December 22, 2003 - 11:23 am: |
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Maybe its hard for some people to prove that TA works, but its not hard for me and lots of others who use it to good effect.
Snifter
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i_claudius
Member
Username: i_claudius
Post Number: 1155
Registered: 11-2002Rating: N/A
Votes: 0
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| | Monday, December 22, 2003 - 11:25 am: |
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Snifter
If it can't be proved to others what's the point of the Forum?
Curious Claudius (loves the Forum)
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new2waix
Member
Username: new2waix
Post Number: 368
Registered: 10-2003Rating: N/A
Votes: 0
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| | Monday, December 22, 2003 - 11:41 am: |
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I would be interested to see the results if I entered any ASX 100 stock when the trend began to head upwards.
Could we back test from 01 Jan 2003:
BUY on 3 weekly green candles
SELL on 3 weekly red candles
Or something similar that tested entry/exit based purely on the trend (up/down).
Comments?
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scarrie
Member
Username: scarrie
Post Number: 20
Registered: 08-2003Rating: N/A
Votes: 0
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| | Monday, December 22, 2003 - 12:14 pm: |
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n2w,
That might be valid if 3 weekly green candles constituted an uptrend, which it doesn't necessarily. And depending on your time frame, after 3 weekly green candles, the trend might be over.
Dave
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snifter
Member
Username: snifter
Post Number: 510
Registered: 11-2002Rating: 
Votes: 1
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| | Monday, December 22, 2003 - 01:02 pm: |
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Claudius
Who said TA can't be proved to others? - I do it frequently. And those who've done what I've told them have found that it changes them from unprofitable to profitable traders.
Cheers
Snifter
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i_claudius
Member
Username: i_claudius
Post Number: 1156
Registered: 11-2002Rating: N/A
Votes: 0
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| | Monday, December 22, 2003 - 01:18 pm: |
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W