Re: Amarnath vs others - Experiments in Technical Analysis
Dear friends,
When the new year comes most people make new year resolutions and try to follow during the year. When the year comes to an end it is time to look back and analyse what was achieved, what was missed etc. At the beginning of this year (2007) we (Karthik, Murthy, Myself, rpc etc) had started 'System Implementation Exercise'. It is therefore time now to review the exercise. I was about to propose this and meanwhile Mr. Amarnath opened the topic. I was glad that he has taken up what I wanted to do and just waited to see some good discussions and some useful outcome. But what really took place was entirely different. Instead of discussing the merits and demerits of the experiments it went into personal attacks, belittling individuals, calling names etc. The language went down to such a low level and unparliamentary words were used that Traderji had to intervene and warn about the foul language. I would like to express my views through this forum without tresspassing the limits of decency and not hurting anybody.
At the beginning itself let me make it clear that I am not taking any side, not supporting any person or persons, nor attacking them for whatever they have written. I will just record my impressions.
The whole thing started with Mr Amarnath questioning 1000 posts devoted to MACD. May be he was asking a genuine question. But the way it was termed did not suit the decorum. The language went down to low level, people were attacked and counter attacks followed. Was it necessary to do so? Well, let me give an example.
Let us say one fine morning we go to a sea beach. We see some people playing in the water, some just basking in the sun some taking a walk etc. Each one has individula interest in whatever is being done. Even the people playing in water would be entering to different levels. Some just wet their feet, some go knee deep and some may go neck deep. Some may carry a life saving device to prevent drowning (STOPLOSS). As long as each of them is enjoying whatever he/she is doing, it is fine. The problem starts if one starts criticising or belittling others. If the people enjoying on the golden sands (The digital filters) claim that sands are the right place and not the water (the MACD) the trouble starts. The people enjoying on the sands may warn those in water that it is dangerous as there is a high probability of drowning due to a wave when you are playing in water (MACD) but on sand it is safe as there is no chance of drowning. Well, they are right to some extent. But suppose they say it is worthless to play in water just to get wet because you can get wet in your bath room under the shower instead of travelling ten km (1000 posts of MACD) just to get wet. It is the beginning of trouble. It is true that if you enter the sea you may be drowned. It may take a tsunami to drown the people sitting on the beach of digital filters. Buy the joy of playing in water can be felt only by entering in the water. To take care of being swept away by a wave, the new entrants should heed to the warnings of those who have gone deeper. The newbies should enter upto the level where it is comfortable and safe and slowly venture deeper once they get accostomed to the situation. If, even after the warnings and advice, the newbie gets trapped into the water, the other people around including those on the beach should try to save and point out what mistake the newbie is doing. You can even admonish the newbie for taking a wrong step. It is of no use to shout "don't go in water, you will drown". As long as the two groups cooperate and save each other and share their joy it will be a very exciting and enjoyable experience.
Now in addition to the water lovers and sand lovers there is somebody else present there. He is the Bhel Puri vendor. He can add to your joy by supplying the Bhel Puri and charge for it. It is no offence for this vendor to be there on the beach. No one expects him to give his product free. Note that he does not enter water. Well, that is no problem. Nobody expects him to do so. But if he shouts at you saying "You should not play in water and it is no pleasure. The only pleasure is buying my Bhel Puri and eating it" then it is unethical. Surely people will attack the statement and the person also especially when the language is foul.
So, let us be decent in our language, control our outburst and enrich this forum.
This is not yet over. I would specifically take up the subject and analyse who was right, who was wrong, who was understood right and who was mis understood. That will be in the next post.
TO BE CONTINUED ...
Regards.
-Anant