"No one wins them all.." LG, you are very correct.....However, I think it is incredibly naive and downright ignorant to issue a "class one sell Signal" right when the SOX is ready to take out 620 resistance and with the general market moving strongly higher.
I posted a message "throw away those indicators" last week which sums up my thinking with regards to stochastics, MACD , RSI etc.... in a strong trending market.
Remember, JUST BECAUSE Stochastics are Pegged at 100 (slow /fast or whatever u prefer) - IT DOES NOT MEAN WE HAVE TO PULLBACK. At the end of the day, this is a game of supply and demand / Greed and Fear - if people keep on wanting to buy then there is no reason why in one day we could not move 1000 points on the Comp. (Ok, highly unlikely but not impossible).
I owned Substantial amounts of NVDA, QLGC, BRCD near the SEPT lows...Thanks to "those indicators", I sold most of those stocks for a few $ profit....How do you think I felt seeing NVDA go from ~$26 - $70??
I'll tell ya... A "Class one" Joker.
I am not making the same mistakes twice. |
