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Strategies & Market Trends : Technical Analysis- Indicators & Systems
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To: TechTrader42 who wrote (2474)8/14/1997 4:58:00 PM
From: wolfgangl   of 3325
 
Greetings for buy and hold Bill. He is right as far as our charts reach.

Until a major correction (deflation).

For instance Boeing is a stock like that. I use to show the chart to my friends. I got it back to 1971.
After countless splits the low was $ 0.39 the high some $ 60 which makes a factor of 150 about, or 15,000% . Not so bad for buy and hold and not nearly as laborious.

But who would buy Boeing in 1973, when they nearly were bancrupt, technicians? I think it took some genius to buy then, or after receiving the technical signal some very good reliable fundamental data.

Wolfgang
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