Originally Posted by
DAL 88 Driver
FYI, your post demonstrates a lack of correct understanding of the method and its objective. But hey, I'm not trying to convince you (or anyone else) that Snider is "the thing." I was just pointing out that not all people investing in individual stocks are being manipulated as you stated, and I used what I'm doing as an example. Sorry if I misunderstood what you were saying.
My post wasnt intended to ding the method.
Manipulation in the market is not very visible when you are trading individual stocks. It is pretty clear when you are trading etfs.
Suffice it to say, news does not move the market, news follows the market. The movement that comes after the news is out is traders that have already missed the boat...manipulation.
One more point. For about the past two years, the market has traded technically...Traded almost strictly on technical indidicators. Without a complete understanding of technical indicators, you might as well go to the craps table because all you are doing is gambling. The market downturns are a result of the effects of overprinting of money "crapping" out. If there is no stimulus, the market would almost certainly implode.
I dont know how the snyder method makes big gains, my (basic) sense is that it aims to mitigate risk while also producing a budgetable "income," kind of like an annuity or 15 rental houses. My aim is to make big gains, consistently, with the goal of completely extricating myself from the citizen/slave dream. At some point, the dollar will be dethroned. The process will be methodically slow, but if you arent paying attention it will seem to happen overnight. The question is, how do you want to be positioned when the dollar becomes the ruble (of the early '90s).
Sorry for the pontification in the last paragraph, it wasnt my intent, but I decided to leave it in.