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To: wagglebee

It's just like overanalysis of random coin flipping. No matter what patterns may seem to appear, it's still random.

Fibonacci randomness is just more artful. You can still lose your shirt trying to time the market.


5 posted on 07/21/2006 4:40:03 PM PDT by NicknamedBob (Mom said to call a spade a spade. Dad taught me what to call it when you trip over it in the shed.)
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To: NicknamedBob
You can still lose your shirt trying to time the market.

I'll vouch for that!

8 posted on 07/21/2006 4:43:30 PM PDT by wagglebee ("We are ready for the greatest achievements in the history of freedom." -- President Bush, 1/20/05)
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To: NicknamedBob

"You can still lose your shirt trying to time the market."

There's no reason someone should lose their shirt by mistiming the market. You get out before you lose your shirt. You decide on a stop loss price on and you stick to it. Most stock traders use a 7% stop loss to bail on.

I have been successful in timing stocks. I look at overbought and oversold conditions. I don't try to hit the peak or the deep part of the valley but I do get near it. At a peak I'll sell 1/3 to 1/2 of my holdings and wait for another valley.



14 posted on 07/21/2006 11:45:00 PM PDT by jwh_Denver (Arabs, the ultimate dysfunctional robots.)
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