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Technology Stocks : Full Disclosure Trading
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To: advocatedevil who wrote (3264)12/15/2002 9:52:34 PM
From: Return to Sender  Read Replies (1) of 13403
 
OT: I wish I could say that I think my comments will be completely correct but I can't. Especially based on the fact that my short term trading has been profoundly poor.

What I can say is that I think they will prove accurate given enough time. You have a true gift for for short term trading and I think you should stick with that until the indicators I follow on the charts provided by Vessilin tell us another bottom has arrived. If you look through these charts carefully then you will see what I see which is that while you cannot time day to day movements you can clearly call the bottoms and tops within a few sessions too.

investorshub.com

Although we may see a rally off the 50 day simple moving averages this week I would not be a long investor here for very long at all if I were you. We have a top in and with a war looming, oil prices are rising which always slows down our economy. The fact that gold stocks are breaking out higher now suggests that this is not yet the time for long term portfolio buying.

Despite all the help from the FED and excellent consumer support for the economy this stock market is overvalued in my opinion. It is going to fall further. It is likely going to set new lows some time next year.

Best of luck with whatever you decide.

RtS
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