ta charts, page-85

"Geez Buddy were you on the debating team at school"

AKA,

If you were to follow my posts over the years, I always maintained that I do enjoy a good debate, as long as it remains clean. And if you care to go back a few years, you would also find out that I've challenged our poster "Nev" a few times to an open debate to a place of his choice, and he never took up my offer. Very disappointing though, I must admit.

I simply like to call a spade a spade and most of the time, I try my best to do some proper research before making a comment in these forums. I always try my best, (although I must admit that it doesn't always work), not to get caught with my pants down.

As for this guy that you mention that has been doing it for 25 years. What has that got to do with the prices of eggs in China? For he could have been doing it for 50 years, and if I am not interested in his charts, I am not interested. Simple as that. Or would you prefer me to say how nice they look when I wouldn't even know, (nor do I care), where to start looking from, and what I am looking at.
And Warren Buffet has been doing it in his ways for way more and many more years than this guy without making use of any TA's. And yet Warren became not only a billionaire, but a squillionaire if we can call it in that way. Did this guy do just as well with his charts?? Did you??

Charts may suit the ST term holders, professional Traders, and the day or T+3 Traders where they plan to get in and out of their trades day in and day out, and as quickly as possible, and I have no quarrels with that. But, as for the long termers whom they plan to be holding for a long time, I don't believe so, and I don't believe that Charts are of any help to them.

I openly admit that I am one of the ones that are not trading day in and day out while trying to make a living out of it. My living is made elsewhere, not with shares tradings, and I try my best in planning to collect fully franked dividends if and when they become payable by any company that I am invested in.

To let you into a small secret AKA. I do still hold approx. 10k CBA shares that I've bought during one of the floats at about $5.20 per share or thereabout. Today they are in between $62 and $63 dollars, and I still own them all, while collecting huge fully franked dividends giving me a return in excess of 50% or 60% or even more on my initial outlay, plus of course the capital gains on the increased value to top it all off.

Now, would a Trader have sold out long ago, or would he/she be still holding on to them doing what I am doing??
My broker that I had at the time, he does still holds my certs and he realised long ago that he was wasting his time in telling me to cash them in and take profits off the table.

As I've said many times before AKA, there are horses for courses, and to each his own.

Cheers mate.