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Strategies & Market Trends : Technical Analysis - Beginners

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To: David R. Evans who wrote (8743)10/3/1998 8:44:00 PM
From: Ken Carter  Read Replies (1) of 12039
 
Dave,
I have noticed that since you mentioned WLA and LU as possible buys that they have both tanked. In this market, do you still feel that stocks that are making new highs are the best stocks to invest in? Are you also saying that stocks that have dropped in price should not be considered in looking for stocks to trade? The way the market has been going, high flying(large Cap) stocks would have lost you a ton of money. If people only start with stocks that are hitting new highs in their data ( high RS ) wouldn't that mean that most of them that bought those stocks in the last few months would now be down about 50% or more from where they started from?
As you said, "THERE ARE NO STUPID QUESTIONS" could you clear up a couple of these questions for me.

Thanks
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