watchinglines

Adventures in Technical Analysis, Jim Cramer Edition

To the author Felix...

Thank you for opening my eyes!

Felix, what experience do you have? I did not notice anything in your bio that has to do with real world investing. You may write a good story, but...

Quote: "Whenever you hear words like "overbought" or "oversold" or "momentum" or "support" or "resistance", it means that whatever you're hearing is garbage. But it also means that the person you're listening to has no idea what's about to happen, and is therefore resorting to the financial equivalent of astrology." I would be ashamed to make this statement in a public venue. It is apparent you have no experience in this field, or you just like to hear yourself speak. You have embarrassed yourself by authoring this drivel and the credibility of Seeking Alpha is lowered by publishing it.

I have been a Registered Representative for 23 years, a Registered Investment Advisor for 19 years, and have spent the last 21 years applying technical analysis to my customer's portfolios. In your writings, did you call the start of the bull run in 1991? Did you get your customers out...wait, you don't have any, sorry...did you write about getting out of the markets in December of 2000? Did you write to the untrained masses telling them to get back in around May of 2003? Have you told them two weeks ago to start heading for the door in regards to the S&P 500? I think not. No, I know you didn't.

Anyone that has experience in applying technical analysis knows that you never anticipate the indicators. It is another tool in your arsenal to use to help giude you.

You are more of an attention hound than Jim Cramer, and your opinions prove you know less. In the future, please keep your uneducated opinions to yourself. This piece should be titled Ramblings from the Incredibly Stupid.