karennma
8,057 posts
msg #149864
- Ignore karennma |
12/12/2019 10:35:09 AM
All the stocks I sold back in October of 2018 are now at all time highs.
That was a real mind-fk the "gurus" pulled on everyone in December 2018, saying we were in a bear market.
We'd BEEN in a bear market most of 2018. By the time those a-holes got on the media at the end of year (2018), the "bear" was just about over.
Those bastids are either stupid or they did that on purpose.
Disgusting!
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xarlor
581 posts
msg #149865
- Ignore xarlor |
12/12/2019 12:51:01 PM
Contrarian Investing is a thing for this exact reason.
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Cheese
1,374 posts
msg #149876
- Ignore Cheese |
12/13/2019 10:29:44 AM
karen, I was wrong, too.
BUT other that, you were right most of the time.
.I hope you were able to buy most of them back at lower prices.
Please post your views more often.
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Cheese
1,374 posts
msg #149877
- Ignore Cheese |
12/13/2019 10:35:10 AM
xarlor,
so, what would contrarian strategy be like at this point (all time highs followed by all time highs)?
any help with T.A. ?
thanks.
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xarlor
581 posts
msg #149883
- Ignore xarlor |
12/13/2019 5:29:52 PM
Cheese, I'm not an authority on Contrary Opinion (CO). I just learned about it in Weinstein's book where he dedicated several pages to it. In a nutshell, he said when the media is all in agreement and shouting about how great/horrible the market is, that is when you need to perk up. He suggests using multiple "market indicators". These include Advance-Decline Lines, New High-New Low Figures, and "As GM Goes".
"As GM Goes" during the time the book was written was the theory that whatever GM was doing, the market follows. GM was the darling stock in that day and used the "four-month rule." It states that if GM doesn't make a new high (or low) in four months, the current trend is reversing. I updated "As GM Goes" to "As FAANG Goes" as these are the darlings of today's market. Yes, I wrote a filter for it:
Contrary Opinion is more of an art, and I'm a horrible artist so it's not something I can put to use accurately. Just another tool for the toolbox. To your question, looking at these market indicators, I don't see any of them hinting at a reversal of the current bullish trend. The media is also split on whether we're on the brink of a big crash or the prevailing trend will continue. When they all start agreeing, though, is when we worry.
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Cheese
1,374 posts
msg #149884
- Ignore Cheese |
12/13/2019 7:06:47 PM
Thank you very much, xarlor.
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karennma
8,057 posts
msg #149888
- Ignore karennma |
12/14/2019 7:15:34 PM
Oh L8rd! I just looked at a BIDU chart.
I thought it had split!
SMH ...
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Cheese
1,374 posts
msg #149889
- Ignore Cheese |
12/14/2019 9:44:16 PM
karen,
Chartmill review for BIDU seems mixed and sober
https://www.chartmill.com/stock/quote/BIDU/fundamental-analysis?key=a3e90839-4bd5-46b3-aaf1-893fa08eb3de&utm_source=stocktwits&utm_medium=FA&utm_content=HEALTH&utm_campaign=social_tracking
but maybe there is some hope emerging for BIDU from this chart ???
https://stockcharts.com/public/1655528/chartbook/700291517
In the future, you may be able to find relevant links to free Chartmill review on Twitter or Stocktwits
https://twitter.com/ChartMill
https://stocktwits.com/ChartMill
Good luck to you
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karennma
8,057 posts
msg #149891
- Ignore karennma
modified |
12/15/2019 8:46:06 AM
@ Cheese,
Thanks for the info.
Awesome chart!
https://stockcharts.com/public/1655528/chartbook/700291517
(Haha - he uses Guppy!)
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karennma
8,057 posts
msg #149896
- Ignore karennma |
12/16/2019 7:55:09 AM
BTW, does anyone know how to write the filter to draw an EMA over an accumulation distribution line?
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