Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 686.96

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Dec 30 4:00 PM EST

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To: GROUND ZERO™ who wrote (44476)	1/24/2013 8:00:05 AM
From: Vendit™	Read Replies (2) of 220890

I fully agree and is how I trade as well. I have learned that charts are a predictor of both current and future stock and market action which is normally coupled with fundamentals which drive supply vs. demand. The average Price Earnings Ratio of all combined NASDAQ stocks is about 15. You arrive at 15 by dividing the stock's current earnings per share into its current trading price. For example (fundamentally speaking) AAPL’s earnings are $45.15 per share. With that said AAPL’s true market value is calculated by taking $45.15 X 15 = $677.55. So you can deduce that AAPL is being badly misjudged fundamentally.

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