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Strategies & Market Trends : Technical Analysis - Beginners

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To: Webb B Blackman Jr who wrote (8762)	10/4/1998 10:03:00 PM
From: Ken Carter	Read Replies (2) of 12039

Webb, Thanks for the chart. It worked just fine. From the chart you sent LU is and has been in a DOWNTREND for a while. If someone was a Day Trader or very short term trader then one could make money on LU but as Dave said, he would never consider a stock in a DownTrend. I was just trying to figure out why he would then mention LU? It seems to me that whether in a Weekly Chart or a Daily chart it is Still in a downtrend. Just wondering if I'm missing something he said or if there are exceptions to his rules... Thanks again Webb, Ken

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