TC2000 is nothing more than a tool for the stock trader/investor. As far as I'm concerned, I believe it is the best tool available for the price one pays. The program is free. The data service costs $29.75 per month. Buy 10 months and get 2 months free, or buy 18 months and get 6 free.
With the application you can view price charts and fundemental rankings for any company, sort for high-volume breakouts and hot industry groups instantly, make personal WatchLists to track your portfolio and prospective purchases, study the archive of over 500 Worden Notes with indicator lessons, totally customizable stock charting (12 tabs per stock, each tab having three windows, each window allows the addition of indicators such as: envelope channel, moving average, linear regression and Bollinger Band, on balance volume, volume bars, stochastics, price rate of change, MACD, Wilder's RSI, relative strength - against hundreds of indexes - time segmented volume, money stream and balance of power). Those indicators are in addition to standard price chart graphing of: line, candlestick or open/close bar. Per bar display range can be instantly switched from daily, 2, 3, 4, 5, 6, 7, 8, 9 days, monthly, quarterly, yearly, and charts can be zoomed in and out (regardless of per bar range) as well as scrolling of price chart forwards and backward in time at will. Up to 15 years of data is available on the CD alone. The unlimited downloading data service merely adds to this data. Indicators can be built on top of each other i.e. moving averages of moving averages, moving averages of volume, RSI, relative strength and can be combined in countless ways to define indicators to mean something to you, show you what you want to know and not some canned crap. Also, fundemental (profit, loss, revenue, earnings, sales, etc.) data on each and every stock is instantly available. The range, scale, color and size of all windows, indicators and screens are customizable entirely to the users preferences.
The application allows the user to create formulas whereby the software can search for stocks that meet the users criterion. There are well over a hundred canned ways to sort watchlists eg. volume, price, earnings per share percent change (by quarter), profit, sales, etc. There are no red, yellow or green arrows indicating buy or sell points. Those decisions are made entirely based on your assessment of what your indicators tell you. There is no software anywhere that can do what TC2000 is capable of, and from my knowledge even software that costs over $200 (plus data subscription extra) is wanting in comparision.
At the end of each day, there is a Daily Worden Report that is downloaded and added to the existing archive. The report is a handpicked correspondance sent in from the TC2000 community at large and is a topic of interest where the answer can helpfull to traders/investors using TC2000. Some very sharp and savvy people write about their knowledge, system and formulas and how they are applied and judgeing from what I've read, must make a lot of money. Additionally, comments about the days market character is also added. Furthermore, the Daily Worden Notes WatchList contains hundreds of stocks, handpicked daily by the Worden's with comments specific to individual stocks are attached to those stock's drawing attention to various indicators and the stocks activity on that day. TC2000 also allow the user to attach their own notes to individual stocks. This information is kept in perpetuity, or until deleted by the user. All this information is available off-line. The only time one needs to be online is to download the latest data, something that is delayed 20 minutes intraday and can be done as often or infrequently as one desires. Each an everytime a download is initiated, all available data is downloaded.
As I've indicated TC2000 is only a tool. The user should have basic understanding of the stock market in general, and be somewhat knowledgeable about technical analysis. When conventional fundemental analysis is applied as adjunct (as promoted by Investors Business Daily) the combination is truly formidable. TC2000 can benefit both the casual investor and the serious day-trader. In fact there is a new product offered called TCNet that includes real-time quotes. Imagine a standard line or candlestick chart with per tick updating of price and volume and all other customized indicators.
This is a trading network of TC2000 users who share ideas, tips, and strategies while charts, news and real-time data streams by. People comment that they've spent $30000 dollars on seminars and get more information just from Worden Notes and the TCNet chat. TCNet also has alert notification, whereby the user can configure when, how and for what reasons to be alerted by e-mail and/or pager based on price, news, notes or even up/downgrades. Moreover, streaming and historical news from over 40 sources seamlessly integrated into WatchLists and notes (includes Briefing.com). As you can imagine this service costs a somewhat more than standard TC2000 ($799 annually).
Anybody lamenting about the stock market, and how they're losing money in their 401k is just that. Losers. The price to become successfull is not cheap. Obviously it requires a cash outlay to subscribe for the data service (TC2000 is useless without it, except for tutoring, as it is fully functional with its archived stock history of 8000 stocks going back 15 years). But the data is several months old, so is useless without frequent regular updates. However, the price is more ethereal than that. It requires dedication of the prospective trader/investor to learn first, and to think for themselves foremost. Once the trader/investor can get away from clinging to what other people think and think for themselves, they can become highly successfull. But its just not learning and thinking for themselves, they've actually got to do it, and do it every day. That and practice. And one gets out of it what one puts into it.
TC2000 also offers beginners classes for free in cities nationwide, as well as advanced classes for $200 per day for advanced trader/investors. It also comes with a complementary video CD How to Uncover Resilient Stocks in the Market Furthermore, there are an assortment of CD's (each contain 1 hour videos in 5-10 minute increments) whereby various topics are discussed about how to utilize TC2000 for maximum effectiveness, and how to interpret proprietary TC2000 indicators. That basically scratches the surface. The rest is up to you.