MarketMap™ 2023 Scenario Planner Abridged
February 8, 2023
February 8, 2023
Contrary Thinker is the best in many areas.
This is not about self-aggrandizement
One of the areas is not being nice when I see garbage posted on the internet that is doing a disservice to professional advisors, investors, and traders. It is not a matter of someone else’s opinion not being the same as my outlook. It is about the use of misinformation – spit balling – just to keep their name in front of potential clients.
Since 2009 the influx of people chasing the boom in the industry is historical and with that individuals with no experience, training, or regulatory insights have hit the social media airways. Their stream of BS concluding with a bullish outlook will be right in a bull market but has nothing to do with the validity of their premise. Worse yet, these ideas like momentum crashes can get legs when the market continues only its bullish course.
As a trained TA and system developer I can say that the majority of technical analysis is junk, as it does not work. When I host the “Market Wizard” conference in Vegas in 1995, Bruce Babcock who had almost every idea published by TAs (CMTs) programmed and tested showed they did not work. He was one of my speakers at the conference.
Some take the job of market research, analysis, and strategies very seriously to achieve the best outcome for themselves and their clients. The majority simply accept the cliches and the old-school mentality.
So along with some of the best technical work, we also have some of the best clients, thank you.
Get to know Contrary Thinker for $10/month with access to the “Volatility Reports” closed to the public group and real-time trade plans and ideas on your smartphone.
This work by Jack Cahn is licensed under a Creative Commons Attribution-NonCommercial 4.0 International