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<p>[QUOTE="GDJMSP, post: 3877466, member: 112"]He'll have to speak for himself; but just some observations from my point of view.</p><p><br /></p><p>I'll start with a question, do you know how and why "old sayings", axioms, get to be axioms ? It's because they prove to be true so often.</p><p><br /></p><p>And given what's being discussed, particularly his 1st comment, there's a few that seem to be appropriate here, even if some are contradictory to another: </p><p>- never try to time the market</p><p>- never try to catch a falling knife</p><p>- buy low, sell high</p><p>- buy when there's blood in the streets</p><p><br /></p><p>All four of those make sense, all four of those seem to be valid reasons for doing what they suggest. All four of those are axioms - but yet contradictory to at least another. So how can that be the case ? </p><p><br /></p><p>Basically it's because 2 of those apply to one side of a coin and the other 2 apply to the other side - of the same coin. And just like with a coin that's flipped, you've got pretty much an even chance of one or the other being right.</p><p><br /></p><p>Of course you can throw things in like market support, human nature, basic economics, etc etc - all the things that go into market analysis - and still be wrong, or right, with your prediction. But that's the very nature of markets - it's always a gamble, it's always a coin flip, there is never any certainty.</p><p><br /></p><p>As for the 2nd part of his comment, I can offer some valid help with that. Ten years ago the average age of registered members on this forum was in the 50s. Today it's right around 30. And I base that on the fact that I see every member who registers on this forum, every day.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 3877466, member: 112"]He'll have to speak for himself; but just some observations from my point of view. I'll start with a question, do you know how and why "old sayings", axioms, get to be axioms ? It's because they prove to be true so often. And given what's being discussed, particularly his 1st comment, there's a few that seem to be appropriate here, even if some are contradictory to another: - never try to time the market - never try to catch a falling knife - buy low, sell high - buy when there's blood in the streets All four of those make sense, all four of those seem to be valid reasons for doing what they suggest. All four of those are axioms - but yet contradictory to at least another. So how can that be the case ? Basically it's because 2 of those apply to one side of a coin and the other 2 apply to the other side - of the same coin. And just like with a coin that's flipped, you've got pretty much an even chance of one or the other being right. Of course you can throw things in like market support, human nature, basic economics, etc etc - all the things that go into market analysis - and still be wrong, or right, with your prediction. But that's the very nature of markets - it's always a gamble, it's always a coin flip, there is never any certainty. As for the 2nd part of his comment, I can offer some valid help with that. Ten years ago the average age of registered members on this forum was in the 50s. Today it's right around 30. And I base that on the fact that I see every member who registers on this forum, every day.[/QUOTE]
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