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Steven Bauer
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My Biography: In 2001, I retired and now permanently reside in Mexico. After 5 years of managing my own affairs, I resumed my career in 2007 as a financial analyst / asset manager. My career began while in University as a – manual chartist for some wealthy Investors, who had a fancy math formula... More
My blog:
Investing Wisely
  • Inflection Points Vs. Support Or Resistance  0 comments
    Aug 29, 2013 9:38 AM | about stocks: SPY, QQQ, AAPL, GE, GOOG

    Inflection Points vs. Support or Resistance

    I just read an article from a "Blogger" that said - the Dollar is at a multi-year Support.

    First of all, that may or not be true because we all draw support and resistance lines DIFFERENTLY!

    That, in itself is why I NEVER listen to anyone who talks or thinks Support or Resistance.

    My many studies, on the subject, have proven to me without a doubt that making investment decisions based on S/R is VERY unprofitable. Performance and being Profitable in the Stock Market MUST be based on something that has both statistical and historical credence. That means, it must have a batting average of well over 90%. S/L would not even get a "C" grade in my classes I taught for so many years in Finance.

    And that is WHY I have spent so much time developing my Methodology. I can prove to you that my "Methodology" does have a batting average of about 95% and that my individual Formal Recommendations to my Clients is 20% or better. Check me out!

    As to S/Rs being Inflection Points, here too we have a MAJOR difference of opinion as to what an Inflection Points and is not - - as applied to "Investing Wisely."

    Smile, Have Fun, "Investing Wisely,"

    Dr. Steve

    Stocks: SPY, QQQ, AAPL, GE, GOOG
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