Marlin,
If I was a lady, I'd sure hate to run into myself.
I don't think I'd be very appealing. I'm a man,
but few would call me a gentlemen.
Sandie,
I make a living reading charts. They told me to
head toward cash the beginning of November. I've been
like a kid in a toy store the last week, while others
are whining about having no cash. I just resented
your 'charts are worthless' statement, it struck a nerve.
I spend hours a week looking at charts and continue
learn more and more and there's still so much more to learn.
Obviously, charts can't tell you exactly what's going to happen,
but they can suggest direction. Did you notice how few share
printed between 1 and 1 3/16 the other day? I can't tell you
exactly but it was very few. Remember I mentioned buying under $1
well I was wrong about going under, but the chart suggested to me
this stock had to test $1. Just as it suggests it will test $2 next,
but who knows. Charts can tell a lot but they're just one of many
important investing tools. I'm as much a value investor as I am a TA
investor
as I am a momentum player. I also find charts to be extremely
effective in keeping emotions in check. I love sports, but it can
be dangerous to get as emotional over a stock as over a team. It
took me a long time to believe charts over my emotions. I'm still
battling with it. But the more I listen to what the charts tell me
and the less what my emotions say, the more profitable I become.
My big loser last year was ALTS. I went with my emotions on that one,
even after the charts suggested a top, but as long as you learn from
mistakes it's not a total lose. Give charts a chance, Joe |
