I'm sorry, but I simply must respond to this "Look at how negative the indicators were on this thread a coouple of days ago and compare them to today. So much for TA's predictive power. Everybody's a genius in hindsight. " Who's TA was negative exactly a "coouple" of days ago. It wasn't mine, nor Thean's, nor P&F's or anyone's that I've read on this thread. Yes Thean's comments tend to be a little cautious and bearish sometimes, but he has been an overall bull on this sector for weeks (am I right Thean?). You can check my posts (#10391, #10251, #10092, #10073, #9967, #9966, #9955, #9087) and see that my indicators have not been "negative" (except #9087 which preceded the last significant dip), and in fact have had very good predictive power. Looking at the fundamentals alone is not enough to make money in this market, ask anyone who bought any of these fundamentally sound stocks last October. TA has been a powerful and profitable tool to supplement my fundamental analysis. What is your theory on how to make money in the market? Trying to predict what effect politics will have on the price of stocks? Give me a break, that has never been predictive and is not an objective way to invest.
In addition the "major issues" driving these stocks right now are NOT the possibilities of military action, the major issues are EARNINGS, EARNINGS, EARNINGS, and recently the technicals have been catching up with the fundamentals. THOSE are the major issues. |
