Hi Don:
Thank you for your response. However, and most respectfully: You did not answer my questions. I wished you would have given your definition of a TREND. You also provided many fundamental observations which are really out of the topic of technical analysis. Mixing TA with FA (fundamental analysis) is difficult and probably only available to very few...
Any way, to save time and go forward, here is my definition of a rend:
A)
Making higher highs and higher lows constitutes an up trend,
Making lower lows and lower highs constitutes a down trend.
Yes, it is that simple (I truly dislike this expression though, nothing is simple until one knows how and that know how is very difficult to come by!)
B)
Breaking a Valid-Trend-Line (a mouth full!)constitutes a Trend change.
C)
A Trend MUST be defined within the time period of interest.
There is more but may I stop here?!
Now;
1-Please you and all those interested in Novell, study Novell's one month chart. Applying A)B)C) above, what do you see? A Down Trend Line of mid 1975 to present, broken to the up side? Is that not a fact?
2-Please go to a daily chart and look for higher highs and higher lows. What is there? An up trend, by definition. Is that not a fact?
3-Bring in the volume (a world on its own!) and the "lock" of TA begins to offer a "key." But only a key...I will not go into that!
I love to write more, but I can not. I am behind in my work. Novell,
is taking more and more of my time (with some pleasure I must say)
and I do not wish to force my views on this board...I really am a most humble student of the market and have no claim to fame and don't have all the answers...
+
Finally, a word or two about FA, which includes management and employees. Novell's CEO is basically an engineer. By nature and nurture engineers are special...They are no match for CNBC's
Mark (a lawyer) or the BIG MOUTH Street.com Cramer ( a hustler)
and his bed-room-romance with a married woman commercial. (Have
you not seen it on TV?)
Engineers seldom make good CEOs, they are too focused, too honest.
My heart goes to Eric when he tells the truth and hurts his stock. He really does not know that Stock values are partly a matter of perception. It is sad that when he tells the truth, about his buying stock, he is considered "stupid" or words to that effect. Now he is a CEO that may have "cooked the numbers." So stupid and so shrewd, all at the same time!? Or is it not those of us who may label him so?
I do not know the CEO, but I feel I do! I also believe, in the long run and in the World, we need people like him. His kind shall triumph.
I pray.
Also, much respect for Scott Lemon, who fought a losing battle on this board. He should have never tried to debate the merits of a turn around on a board such as this. As much as we need him to tell us of the latest in the earliest, he ought to stay away, IMHO. It hurts me to say it it and I know I hurt my investment by saying so...but it feels good to tell the truth. As I see the truth.
That is all I have to say for now. I will be posting less and less
on this board. May you all be winners in your personal lives.
Seren. |
