Normal
Firstly understand that its not a prediction its a "What if" I and others here have given levels which "Could" and are likely to occur if one or the other points of analysis are proven or Disproven.Markets are dynamic and so is discretionary trading.A line or a price point is simply to be proven or disproven.If a trendline is broken then you have a decision to make if that is a trigger to your trading.As for time,I personally dont know some here have that capability and given the timeline will also be in a situation of again prove/disprove.Same as Fundamental analysis---when will a company reach the "True" value from a point of percieved under value---will that alter as time goes by? If it does does that make the original analysis wrong? Is fundamental analysis a waste of time then.Should Fundamental analysts never change a buy/sell recommendation or technical analysts select another time and price point just so practioners or followers can clearly define right or wrong?Well I dont agree.Many here did call very close to the top of this last move,how they took advantage of it or APPLIED it to their trading is only privvy to them and only matters to them.Only they know how they apply it and wether it is to their advantage.Unlike you I have seen Elliot Wave analysis applied in very effective ways. Hence my renewed interest and my own research into the way I will be applying it to my discretionary trading.Ive used it myself with good success---not perfect at times but thats more to do with the practioner (me) than the Analysis method.If it proves to be incorrect or price action suggests otherwise to the analysis at the time or at a time in the future then you take appropriate action based upon further analysis given the facts now available and so it goes on. The search for finite points of accuracy are futile until proven.Confusing yes but once you understand then very easy.In the end we would have a valuation for a company---it could be right it could be wrong---time would tell. I could as---I have 2 companies of my own and an accountant (in house) who takes care of the nuts and bolts accounting for me.I may not be as susinct as you its not my specialty but I will understand it. I'm no accountant dont profess to be but my chagrin is with those who are clearly readers of announcements trading in short timeframes and basically punting. Not all fundamental traders---as not all technical traders are misled peanuts attempting to make a quick buck.Regardless of type of analysis the application is the key,being right isnt---not even close.Your continued reference to technical analysis as being solely predictive with finite price or time points,shows your level of APPLICATION of analysis.Its not about being right,its about consistent application to in the end profit.How I interpret fundamentals is of no consequence to the market in general.Duc has proven that. He is no slouch when it come to fundamentals and has found a number of companies in HIS OPINION undervalued. The market didnt---- and at this time dont agree and some are now a full 50% lower in price than his learned "Undervalued" buy price. So just to get back to his "Undervalued" price they have to rise a full 100%. Is he buying more---should he have bought more when the "Bargain" price fell a further 25%? Would you?--Do you?-------Why just fundamental---why not the valuation of ANY portfolio?True/agree.True and agree again no arguement.Add up the pluses deduct the open losses or add the open profits at ANY point in time and there is the Portfolio valuation at THAT time.tech
Firstly understand that its not a prediction its a "What if" I and others here have given levels which "Could" and are likely to occur if one or the other points of analysis are proven or Disproven.Markets are dynamic and so is discretionary trading.
A line or a price point is simply to be proven or disproven.If a trendline is broken then you have a decision to make if that is a trigger to your trading.
As for time,I personally dont know some here have that capability and given the timeline will also be in a situation of again prove/disprove.Same as Fundamental analysis---when will a company reach the "True" value from a point of percieved under value---will that alter as time goes by? If it does does that make the original analysis wrong? Is fundamental analysis a waste of time then.Should Fundamental analysts never change a buy/sell recommendation or technical analysts select another time and price point just so practioners or followers can clearly define right or wrong?
Well I dont agree.Many here did call very close to the top of this last move,how they took advantage of it or APPLIED it to their trading is only privvy to them and only matters to them.Only they know how they apply it and wether it is to their advantage.Unlike you I have seen Elliot Wave analysis applied in very effective ways. Hence my renewed interest and my own research into the way I will be applying it to my discretionary trading.Ive used it myself with good success---not perfect at times but thats more to do with the practioner (me) than the Analysis method.
If it proves to be incorrect or price action suggests otherwise to the analysis at the time or at a time in the future then you take appropriate action based upon further analysis given the facts now available and so it goes on. The search for finite points of accuracy are futile until proven.Confusing yes but once you understand then very easy.
In the end we would have a valuation for a company---it could be right it could be wrong---time would tell. I could as---I have 2 companies of my own and an accountant (in house) who takes care of the nuts and bolts accounting for me.I may not be as susinct as you its not my specialty but I will understand it. I'm no accountant dont profess to be but my chagrin is with those who are clearly readers of announcements trading in short timeframes and basically punting. Not all fundamental traders---as not all technical traders are misled peanuts attempting to make a quick buck.
Regardless of type of analysis the application is the key,being right isnt---not even close.
Your continued reference to technical analysis as being solely predictive with finite price or time points,shows your level of APPLICATION of analysis.Its not about being right,its about consistent application to in the end profit.
How I interpret fundamentals is of no consequence to the market in general.
Duc has proven that. He is no slouch when it come to fundamentals and has found a number of companies in HIS OPINION undervalued. The market didnt---- and at this time dont agree and some are now a full 50% lower in price than his learned "Undervalued" buy price. So just to get back to his "Undervalued" price they have to rise a full 100%. Is he buying more---should he have bought more when the "Bargain" price fell a further 25%? Would you?--Do you?
-------
Why just fundamental---why not the valuation of ANY portfolio?
True/agree.
True and agree again no arguement.
Add up the pluses deduct the open losses or add the open profits at ANY point in time and there is the Portfolio valuation at THAT time.
tech
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