Steve: It's amazing how often you can be right in the stock market. Check the TSSW thread. I was 98.5% accurate on predicting the open, base, and recovery values for TSSW when earnings came out bad. I did this purely from the chart. I predicted open of 3, base of 2.6, and rally to 3+1/16. In actual fact it opened at 3, based at 2.56, and closed at 3+1/8. Check the TSSW thread and see. This was all determined from viewing the chart, following the thread, and knowing the "mood" of the stock.
HOWEVER, IN SPITE OF THE FACT THAT A PERSON CAN BE RIGHT VERY OFTEN IN THE STOCK MARKET, IT ONLY TAKES A FEW FALSE MOVES TO LOSE EVERYTHING YOU'VE GAINED!!! I foolishly hung onto ASND months ago certain that it wouldn't drop below $36.
So my conclusion is this: It's easy to predict many things in the stock market with great accuracy, but unfortunately that's not enough to make you a winner. You can't afford to be good ... you have to be great!!!
I'm not quite there yet. |
