My scientific analysis, that is my yes/no coin says that now is the time to Buy.
I prefer my 1974 Commonwealth Games coin + Technical analysis which says at best this is a "hold" with an existing modest stake.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
I think you should run with your coin. Just as reliable as TA and requires way less effort.
Jeez I never realised TA was just a coinflip. Here I was thinking I was quite smart these last few months making stupid amounts of money whilst everyone else is losing money, but turns out it was just luck!!
Made some good money selling OCA short
Last edited by JohnnyTheHorse; 15-03-2022 at 03:53 PM.
I think you should run with your coin. Just as reliable as TA and requires way less effort.
Not quite. Flipping a coin has a 50/50 chance to get it right, while most TA-methods (correct and consistently applied) sit around a 60 % hit-rate (60 right - 40 wrong). Has something to do with this "the trend is your friend" ... or just call it inertia :
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"Prediction is very difficult, especially about the future" (Niels Bohr)
Not quite. Flipping a coin has a 50/50 chance to get it right, while most TA-methods (correct and consistently applied) sit around a 60 % hit-rate (60 right - 40 wrong). Has something to do with this "the trend is your friend" ... or just call it inertia :
When using TA is it best to sure shorter period moving average when macro economic events like in the existing environment (100 day MA and 20 day MA rather than the typical 200 day MA and 50 day MA) accompanied with the MACD signal.
Just starting to play around with TA to determine appropriate time for long term holding entry to maximize upside and minimize downside accompanied with fundaments. Looks to be a lot of value plays (DCF model) in the US markets but most have only recently crossed the "death cross" with MACD signal also not being favorable. Patiently awaiting the "golden cross".... Are their any other methods I should be applying to support my action.
When using TA is it best to sure shorter period moving average when macro economic events like in the existing environment (100 day MA and 20 day MA rather than the typical 200 day MA and 50 day MA) accompanied with the MACD signal.
Just starting to play around with TA to determine appropriate time for long term holding entry to maximize upside and minimize downside accompanied with fundaments. Looks to be a lot of value plays (DCF model) in the US markets but most have only recently crossed the "death cross" with MACD signal also not being favorable. Patiently awaiting the "golden cross".... Are their any other methods I should be applying to support my action.
There are plenty other methods and indicators around worthwhile to check ... and depending on the stock and your general investment behaviour and risk tolerance you might find some of them more and some of them less useful. You need to find out what works for you.
However - this is clearly not a discussion for the OCA thread.
Frosty crook is having a cry over NBR..saying investors are overreacted with the cooking housing market. They are over invested in the age care sector?
Originally Posted by bottomfeeder
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