Message Font: Serif | Sans-Serif
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: NoLoadFund Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 80  
Subject: Wordens Frequently Wrong Date: 8/5/2001 2:16 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
I like the TC2000 software, especially BOP, as it frequently tells me the real interest in a stock even if the price does not confirm it (e.g. strong BOP buying on a pullback). However, I would never use the Worden proprietary indicators alone.

Yet, the Wordens themselves seem to do exactly that. I've spent the last few weekends combing through the "Worden Personal Notes" and am shocked by how frequently they are wrong in their notes. Obviously, nobody can predict the future, so I'm not faulting the Wordens for that.

But their weakness seems to be that they are too focused on their own proprietary indicators and ignore such important things as the primary trend of a stock. In many instances, had they used Weinstein in conjunction with their own indicators, they (and others who rely solely on the proprietary indicators) would do a lot better.

Granted, you wouldn't get the absolute bottom on a turnaround stock ... nor the absolute top of a short stock, but watching the Weinstein 30 week MA - i.e. where price is located relative to MA .. and the trend of the MA - helps to substantially reduce your risk of jumping too soon on a lemon ... or shorting a skys-the-limit.

All of this probably goes without saying. I'm just surprised that the Wordens themselves might be guilty of too narrow a focus in their choice of technical indicators.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next


Foolanthropy 2015!
Fistula Foundation: A World of Good!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Berkshire Hathaway

Collected Mungofitch Quotes
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.