Clark--
Only one not very meaningful thought: my experience indicates that the more volatile the stock, the harder it is to apply TA to it, or at any rate, the harder it is to interpret what you may see. Problem is that reliable leading indicators are awfully hard to come by. If a stock moves fairly slowly, TA can point to trends with some surety; if it chops up and down like USRX, well, good luck.
Remember--Jeff was saying only Monday, and he was absolutely right to do so, that as far as USRX was concerned, all the indicators were screaming "BUY".
Some of the poopiest stocks in my portfolio look best from a traditional technical point of view.
Janice |
