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Strategies & Market Trends : Value Investing

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To: Spekulatius who wrote (21824)7/31/2005 1:55:22 AM
From: tsigprofit  Read Replies (1) of 78659
 
Without being too argumentative, I think you are plain wrong
on Technical Analysis (charts)

Charts show where prices have been, with volume, and how moves get overextended on the upside and downside.

Yes - I use chart filters and fundamentals - and don't understand how anyone could make money if they don't do this.

With C - you're assuming the US banking industry business is healthy. I'd say we are in a major debt/real-estate bubble like the US has not seen in the last century.

Don't you think that major US banks will be impacted if consumers can't pay when rates rise? Isn't that a huge investment risk? Maybe that's why the stock is going down.

And - if their business changes - is the dividend of any bank "safe".

Want an example of how I made money with "charts"?
Take a look at a chart for SYNX. I bought in the low
1.30-1.60 area and sold last week for 5.60. I made over 300%
on that one - most of the move last week.

So sometimes charts do work my friend :-)

Take care,

tsigprofit
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