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Home Forum General/Miscellaneous So I Happened to Catch a Few Minutes of Clark Howard today and…

So I Happened to Catch a Few Minutes of Clark Howard today and…
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2:13 pm
February 8, 2010


shredmonster

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He said there was a study done in Oct 2009 by a University in New Zealand – they took 5000 various technical trading systems and used them in 49 countries

and the results

none of them gave any better results than thowing a dart at a board


I just can't buy this.  Even something as simple as relative strength and volume can tell a person something.  Sorry Howard but I think you are wrong here because it is what you want to believe.


He never said if they used experienced traders, etc….   Lot of things left out here.  Sounds too simplistic to me.


What say you ?

3:46 pm
February 8, 2010


dmanson

Santa Cruz, CA

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posts 71
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Sounds like propaganda to keep people feeling stupid or hopeless about investing or trading.  There are definitely tools and just understanding such things as support and resistance and supply and demand would give an advantage to someone throwing a dart…

3:04 pm
February 9, 2010


TwoHands

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I'd be interested in seeing the full report. If I had to guess I'd say the researchers based their results on buy and hold trading without taking into account the fact that technical traders sell out of their positions more quickly than the general public. As for Clark Howard, if I remember correctly he invests more in real estate than the stock market and probably thinks along the same lines as those researchers.

Just in case, tho, I think I'll buy a new dart board.
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