Maurice,
"""I think investors should not be sucked into this TA stuff or they will be likely to lose their shirts. Of course, like a casino, there are many, many winners who shout loudly from the rooftops. The losers slink away quietly, embarrassed. """
Some people are pretty good at it and it works for them. Like anything else in life, it doesn't work for everybody. Simple T/A is the best. Forget about Gann, Fibbonacci, MACD, and stochastics. The thing about Elliott Waves is there is always another one coming. All those indicators sell books and get the developer a spot on CNBC. Head and sholders? Depends on who's lookin at it. You should be able to look at a chart and know instantly what to do, thats it, T/A.
The trend is your friend but there are many trends in a chart. Short term, long term, real long term. I have given hundreds of talks on T/A and the room is always full of people that have spent hundreds on programs that don't work, they don't need, and can't figure out.
Follow this link, look at the chart and make a decision, its this simple.
finance.yahoo.com
Pick stocks anyway you want to, thats not important. Whats important is what you do after you buy them. Its not important how much you pay for a stock. Whats important is if you make money. Long term, short term, mid term, charts have a place in investing. Oh ya, look at this chart also and decide.
finance.yahoo.com
cdaisey@i'm-confused-by-this-stuff.com |
