Technical Analysis - Beginners Message Board

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Strategies & Market Trends : Technical Analysis - Beginners

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To: DRRISK who wrote (9679)	3/3/1999 9:20:00 PM
From: Stuart T	Read Replies (1) of 12039

DRRISK: I'm still fairly new in the TA area but looking at the COMS chart I can see you know little about TA. I have also been watching COMS since its latest breakdown and the chart and my indicators says its still crap and to stay away. Forget trying to pick the lowest bottom and the highest top. Wait and grab a good chunk of meat and move on. When BGP crashed about a month ago my friend was going to bottom fish it when it was around 18. My TA said to stay away and he did. BGP is now at 14 1/2, it actually went up 1/2 today. TA may not always be correct but it shifts the odds in your favor. If you want to have some dead money for the next few months, go for it. Better to learn to read the charts and the indicators and avoid the dead money blues.

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