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Strategies & Market Trends : Technical Analysis - Beginners
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To: Ken Carter who wrote (8763)10/5/1998 12:12:00 AM
From: Webb B Blackman Jr  Read Replies (1) of 12039
 
Ken,
I may be missing Dave's point, but I thought that he mentioned that LU was a stock to watch. Even when there was an increase in the price of the stock, it did not close outside of the trend channels, thus it was never a "buy" from a TA point of view.

I do not know how Dave selected the stock for his watch list. He will have to tell you that. I just never heard him say that it was the right time to purchase the stock.

As I said, I look at the chart on LU every day to see if it might be the right time to enter into a purchase of the stock. I have not learned how to short stocks, so only watch for the right time to buy.

--- webb ---
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