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Does anybody use this software system? If so what do you think of it? Is it good worth the money... Your help is appreciated. Thank You.
Posts: 1 | Registered: Sep 2005
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I saw it on tv. I personally think it is a rip off. I think what they dont say on tv is that they want around 5,000 for it. You can pay a lot less, 10-20 bucks a month for a prescription to live indicators. I think stockcharts.com may have this. A problem I see with taking a buy or sell signal from a computer is that they dont consider the whole picture but just what they are programed for. All the technical indicators in my opinion should be interpreted by humans. I recently did a study and looked through all the stocks that were showing bullish engulfing patterns and bearish ones. I also looked at other patterns. I was shocked to find that the bearish ones did better than the bullish the next day. I found very few technical indicators had much accuracy. Bollinger bands had more accuracy than most but they still wernt much better than maybe 60 percent. wisetrade doesnt even say what there indicators are. At least I didnt hear it on the infomercial. It may just be stochastics or something they are using. They probly dont say because it would be easy for a person to get those buy and sell signalls without paying a ton of money. Nomatter what there signals are you can get them much cheaper elswhere. Check stockcharts.com, they may have a prescription for live indicators.
Posts: 205 | From: ca | Registered: Aug 2005
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