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Cheerleading vs Technical Trading

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#1 Rogerdodger



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Posted 26 April 2022 - 09:14 PM

As an old observer...

I have observed that almost all technical analysis is swayed by one's personal investment position (and hopes).

Before the internet, I used to run down to Barnes and Nobel on Sunday to read the latest Barren's to see the "Expert" opinions.

Usually they were pushing their personal positions and investments.

I also used to listen to Dan Dorfman.

"Mr. Dorfman was for much of the 1990s considered the most influential stock tipster in the country.. Dorfman was a prominent CNBC commentator in the 1990s and a columnist for Money magazine. He also was a CNN financial news commentator in the 1980s, and a columnist for The Wall Street Journal early in his career. He was a highly visible financial journalist whose televised market reports could send a stock soaring — or plummeting — but whose career was tarnished by accusations of insider trading."


I actually made a few bucks by buying as soon as Dan recommended any stock... but then selling very soon after.


Tonight's crypto comments inspired tonight's comment:

"Saylor says Bitcoin is 'perfect asset for retirement,' less risky than bonds and gold as Fidelity offers Bitcoin option with 401(k) plans' "


Cheerleaders often have a different opinion than professional sports gamblers.

Cheerleaders have hopes, but gamblers have their money on the line.

However gamblers are also influenced by their position (and favorite teams).


After all, we are all just human.

Edited by Rogerdodger, 26 April 2022 - 10:06 PM.

#2 Rogerdodger



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Posted 26 April 2022 - 10:12 PM

As I say "Try it with your other eye open."


Chili says something along these lines:


Financial News is garbage. (News is for chumps: Joe Granville) It's based on Charlatans (economists and financial “experts”) prognostications and the spinmeisters at the Federal level but most of all the media...its how they make their living (BS) News is actually created to confuse the casual investor and general public IMO.


Edited by Rogerdodger, 26 April 2022 - 10:13 PM.

#3 12SPX



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Posted 27 April 2022 - 08:15 AM

Oh so miss those days, Barrons every week, Wall Street Week, Nightly business report lol!! 

#4 Rogerdodger



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Posted 27 April 2022 - 04:33 PM

Nightly business report lol!!


Lewis, Marty, Garzarelli, et al.


Humble and under-spoken, Marty was my favorite with a PhD.

#5 Chilidawgz


    A fool and his money... (the second mousie gets the cheese)

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Posted 27 April 2022 - 06:30 PM

Marty was the best and only one worth listening to on Rukeyser's program. Liz Ann Sonders was oh so lovely.


Anything can happen...what's happening now?
No one can forecast the future. No one.
All stocks (ETF's) are BAD...unless they go up - William O'Neil