Strictly Buy and Sell Set Ups Message Board

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Strategies & Market Trends : Strictly Buy and Sell Set Ups

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To: chowder who wrote (8225)	3/11/2006 9:05:31 PM
From: fp_scientist	Read Replies (3) of 13449

Dabun - interesting analysis ... but every example has a counter-example? Look at the long term PQ chart below. According to your criteria, one should have sold PQ at 5ish back in June 05 when it closed below the 40 week moving average ... Look at what it did after. I don't mean to be controversial, I'm here to learn. How do you rationalize the PQ action below? What other indicator --if any-- was giving a "HOLD" signal at the time? Thanks. stockcharts.com And while we are at PQ, what do you think of buying it now? Some people saying is a value play based on cash flow -etc, worth 13-14 bucks. I would not touch it, would you? Kindest regards - fp

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