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Strategies & Market Trends : YEEHAW CANDIDATES

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To: Jibacoa who wrote (21439)12/26/2006 3:38:59 PM
From: Galirayo  Read Replies (1) of 23958
 
No .. I'm not sure about DRL.
But I did want to bring it to your attention since it was on your FA List.

I'm not into Bottom Fishing at this point in time.

The market has advanced into an Extended Rally.

I'll be looking for 3rd & 5th Waves on the Up side and Formations with possibilities.

Or .. if you want to convert that to MA language .. a Solid Bottom with an impulse Up .. then a Move to Test or a Back Test of the 13 34 50 89 144 200 [DMA / WMA] combined with a Reversal starting.

I'm still of the [DOW] theory that all the EL EE and PEG .. and QOQ and YOY and ROI and ROE and all that other good stuff .. is Imbedded in the Chart and it's easily Translated with Price Volume and a few indicators.

The main reason I say that is with out Buyer Demand all the FA is Old and Static anyway you Slice it. And Future Estimates are compiled by a group of analysts who may or may not have an AGENDA.

Know what I mean Bern ?? <g>

Insider Buying .. may be a diff story .. but it too has its flaws .. just like Charts do.
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