[ TA and MSPG ] Ray, thank you for your prompt response. The trendline question has been a sticky question over the past week as I've run into situations where either style of drawing them has been effective. I've got some good feedback from others on the same topic, and many are staying with the traditional "you-can't-go-through the-bars-type-thing." But I agree with you that looking at both are essential, however.
Also, for MSPG...what did you do to this thing?! Last time I looked it was up 10%+ or so. That was a wonderful call. I'm sure a lot of traders out there were glad to find SOME rising issue among all the red. Also, thank you for the Ascending Triangle Scans. I'll be focusing on those that have an RSI and Close above 50(RSI and dma, that is)--that way I'll know that the trend is more on the upside than the downside. There's some familiar names out there to look at.
And for the 8-10 NPLs, I'm thinking I'm seeing a lot of them out there. For some reason, I just don't think the January Effect is going to take place until, er..January. There's all sorts of claims that now it's a legitimate effect and that people are trying to get ahead of the curve. Well, I'm drawing so many downtrend lines near the end of the year that I'm just too hestitant to even consider buying up almost any stock. I'm jumping around going crazy at the thought that if I'd only have followed my trading systems, I'd be filthy rich now from the short-sell recommendations, as short signals were triggered at uncanny points for SUNW, ORCL, SLOT, and others.
Well, back to my papers.
Thanks again,
Rainier |
