Chip, it is clear that you do not understand TA. Indicators can change while the stock price goes nowhere. Because the stock price has gone nowhere does not mean that the indicators do not suggest a direction or a protective action.
When I flip-flop on a position, it is because I *do* have confidence in my ability to read charts and assess other factors. If the charts, market conditions, fundamentals, and risk factors are telling me something other than my preconceived notion, I am willing to change my preconceived notion.
BTW, would you care to tell us why you are here? You've never explained that yet. You are like some guy that shows up at a meterolgists convention without credentials, and pipes up every now and then in the middle of some discussion to announce "it's going to rain tomorrow!" "warm days ahead!", when you're only half-right explains "well, I only meant one or two warm days!", and then wonders why you don't get any respect...
The rest of us are here to exchange information about Creative. What is your purpose? Don't you have some other outlet in your life for approval and validation? (Or the opposite, which i suspect may be your preference?)
Thank you for your concern, though Chip, good luck to you... |
