Timothy Sykes gives investing, day trading, and penny stock advice in his books and at his blog. And he says his love of trading began with his "fascination with stock charts,"
Because no matter what’s going on in the markets, no matter who says what or what company does well or not well, stock charts tell stories. After all, the vast majority of PRs lie and mislead ...
...financial commentators probly don’t even mean to mislead, they’re either really that dumb or they just don’t care…etc…etc…charts and price action never lie, they take all the hype, manipulation, valuation questions, big buy/sell orders, small buy/sell orders, media hype, message board chatter, rumors, PRs–they are the end result of all the variables out there and create distinct prices and patterns from which it’s possible to analyze and predict future movements, sometimes with relative ease.
Now Sykes is part of a team that is trying to use Twitter to get investment information out to people quickly through something called Chart.ly. Here is Sykes explaining Chart.ly on Vimeo:
Chart.ly Intro from TIMtv on Vimeo.
What is the upside of this type of digital tool? What are the problems? And is this an example of new media making old tools--subscription newsletters, for one--obselete? Share your comments (click on comments at the top of this post).
Posted
04-28-2009 8:13 AM
by
Graham Griffith