"So you hate TA, charts are rubbish you believe and now Buffet...

"So you hate TA, charts are rubbish you believe and now Buffet or "Mr FA" as he should be called you also dislike?"


Thank you for your response, my esteemed friend, and also for bringing even more attention to my posts, which of course, I thoroughly deserve.

It goes without saying that Buffett is a superior investor and arbitrage trader, he is good with numbers, no doubt about it.

I am however better than he is in one respect only. It took Buffett 12 months to realise that charts are a load of croc, whereas I had it all figured out in a week.

Only newbies trade charts and they lose a bundle in so doing.
Take this as an example.

Last October, an inexperienced trader posted the following chart on this forum, claiming that XJO was headed for 6,200.
Less that 10 months later we are at 8,100.
How is it possible to misjudge a diversified index by more than 30% in less that 10 months?
And dont even get me started on them 3900 puts.