Re: coolhand's Account Talk
Originally Posted by
coolhand
Look at it this way; over the years, there were many instances of folks joining the TSP Talk board and getting into debates with market timers that you can't time the market. There were times when it was over-the-top because some folks couldn't simply move on to something else. Each side was convinced they were right. Now, I don't see as much banter along these lines as I used to, but it was not an unusual topic. And it didn't matter whether it was sentiment, charting, stars, tea leaves, etc.
The claim you read on the NAAIM site as well as the other site referenced above is their personal opinion. Maybe they don't know how to actually use the data for timing because they don't try to time the market. Mark Young, who has a professional trading website and is a Wall Street type trader uses NAAIM along with most other surveys. My own personal use of it has had very good results and I've been demonstrating that here in my thread for the last couple of years at least.
No one piece of market information can be used in isolation and that includes NAAIM. I use it with the other tools to get a more rounded perspective.
I hope this helps.
I appreciate the civil response!
[COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]
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