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Varchild2008 (84.50)

Those Who Worship Technicals READ THIS!

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December 21, 2009 – Comments (8) | RELATED TICKERS: DPS , SVA

I am calling out SMARTREND for continuing to be a Technical Subscriber Based Stock Picker Website that is always patting itself on the back for being correct 100% of the time.  Because afterall.. Everyone should worship SMARTREND that worships Technicals... 
And Everyone should worship Technicals!!!

  They never lie!!! 

Bearish Engulfing Patterns always lead to share prices plummeting......
Bullish Harami Patterns always indicate a Bullish pattern... 

And Smartrend is the Master at finding these patterns and netting you OODLES of cash!!!
Get *rich* in a day with Comtrex Smartrend..... Man's Best Friend for Investors!!!!

Let's look at some examples of just how wonderful Comtrex Smartrend is:

1)  DPS)  Dr. Pepper Snapple Group

December 17th:  Before Market Open, Comtrex Smartrend reports a "Bearish Engulfing Pattern" on shares of Dr. Pepper Snapple Group.

Hmm... They reported this at share price $27.85.

Since then, shares have traded UP not DOWN *Whoooooooooooooops*  to $28.33.

Ahem....uhm......minor goof.....ok......no worries... I'm sure the next...set of Comtrex Smartrends will net you OODLES of CASH... You'll be swimming in $$$$$$ if you simply follow along with Comtrex Smartrend on this next stock pick:

2)  (SVA)  On December 14th, Comtrex Smartrend told investors to SELL their shares based on a share price of $6.51. 

On December 15th,  Shares close UP to $6.52.
On December 16th,  Shares close UP to $6.57.        *WOooOOooOOooooOOOops!!!!*

Smartrend goofed!!!   Oh..... But Don't worry.... Comtrex Smartrend is never wrong!!!

On December 16th,  Comtrex Smartrend reports a "Bullish Harami Pattern" on Shares of SVA.
They say this pattern indicates that sellers are exhausted and buyers are now set to push the share price up.

December 17th,  share price falls to $6.28
December 18th,  share price trades up to $6.41
December 21st, share price falls to $6.10           *Wooooooooooopsy!!!!!   Daisy!!!!*

Oh..... But COMTREX SMARTREND.... No.... They don't issue press release saying how wrong they are for misleading you to buy the shares on December 16th...declaring a Bullish Harami Pattern....  They don't claim they were wrong at all.... In fact they slap themselves on the back....Give themselves a High Five.... A MONSTER MASH.... A Fist Bump...

Cause on December 21st..... Comtrex Smartrend is quick to proudly report they told you to sell your shares of SVA at $6.51 on December 14th.   

See????  When you just ignore the fact that you told people to buy the stock 2 days later... It's easy to claim you are correct for saying it is a sell!

So in the end.. I kid... I'm being sarcastic......  TECHNICALS = STINK!!!

8 Comments – Post Your Own

#1) On December 21, 2009 at 4:27 PM, pastordisaster (< 20) wrote:

Only mindless zombies use technicals.

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#2) On December 21, 2009 at 4:32 PM, Varchild2008 (84.50) wrote:

DISCLOSURE:  I am long DPS & SVA

I am also heavily invested in mindless zombies carrying lvl 10 Dwarven Swords with 25% Electricity Damage.

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#3) On December 21, 2009 at 4:59 PM, tkell31 (29.51) wrote:

I want to agree, but dont know anything about tecnhicals and dont feel like learning why a graph should tell me about what a stock is going to do the next day, week, or year. Seems like if it worked everyone would learn them.  Nice post.

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#4) On December 21, 2009 at 5:30 PM, anticitrade (99.66) wrote:

If I was independantly wealthy.  I would do a blog series on testing and disproving black box websites that make extrordinary claims.  I think technical investing is at the heart of most of these sites since it is:

Short term focused

Easily automated

And requires faith

I would love to see/do a series of blog posts disproving popular website claims.

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#5) On December 21, 2009 at 8:18 PM, Varchild2008 (84.50) wrote:

This counts as my 2nd post bashing Comtrex Smartrend....

So I guess my blog here is in part a Website Gimmick Bashing Blog.

Oh and I regularly make fun of myself to let people know that if I recommend something it doesn't mean a thing unless you do your homework and on your own research actually come with the same conclusions I am making.

I mean... I love stocks that happen to be in my portfolio otherwise why would they be there?  so I carry a bias big time in discussing stocks...

But at least I discuss the fundamentals.. of what the company is doing... what situation they are in.... debt or no debt...

You know.. stuff outside of (RSI/PE/ESP/TELEPATHY/MACD)

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#6) On December 22, 2009 at 10:35 AM, otto27 (< 20) wrote:

Looks like they were correct about SVA it is down.

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#7) On December 23, 2009 at 4:25 PM, Varchild2008 (84.50) wrote:

And today it goes back up!  so they are wrong again?

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#8) On December 24, 2009 at 1:25 PM, Teacherman1 (28.84) wrote:

Fundamentals are about the stock, Technicals are about psychology.

Fundamentals are about the longer term, Technicals are about the shorter term.

Both can be right, or wrong. Events happen, situations change, you have to be ready to adjust, but both can be used for guidance.

Technicals are of more use to short term traders than longer term investors.

JMO and worth exactly what I am charging for it.

Hope all of you have a Merry Christmas, or whatever you are celebrating, and that this three and a half days of no "Market" can be used to spend quality time with your loved ones. 

My wife has to work today and tomorrow, so we will celebrate Sunday.

Did get to enjoy a pre-Christmas visit from the "kids". They are always your kids, no matter how old they get. 

Hope no one goes into shock from the sudden and protracted withdrawal.

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