Milo,
Mostly, I agree with your perception. I have too little knowledge about t.a. to say anything useful, or to comment either way with it. It looks particularly useful for short-term trading to me, though, as
a good company which is earning and growing should usually take care of itself over the long haul. Also, it looks like the supports and resistance levels don't always need the chart to be seen, but simply
following. However, in this inexact science, any information and opinions I deem worthwhile and useful, because I haven't proven to myself that my techniques thus far have a high enough batting average
to push away areas where I'm mostly ignorant. Of course, companies like MSFT rode a lot of ups and downs along its way up, and if I didn't follow the principle of sticking with a story which was doing something
special, I surely would've sold with a decent profit instead of a phenomenal one.....if I had ever owned it to begin with, that is. There's the next big issue of all...when to sell. Let us all be discussing this years from now when we have that equivalent share price
of 200 and above, maybe while toasting at the RAIN in Cancun.
Take care,
Marshall |
