Actually, I like the display of the info they used at Nordby. Quite nice seeing P&F, bar, and MACD on the same screen like that. Nordby is a good site, and I use them to get free brokerage recs/price targets. However, aside from the dispaly itself, I think the TA was a bit superficial. Even though I think it is best to keep TA as simple as possible (otherwise you can convince yourself of anything by looking at the right things), he should have at least given us a time line for his target price of $45 or whatever. He didn't even mention the dobule top at $26 which is what I keep harping on.
Re: trading today, yeah, you may be right- the biggest block we had today was a 20K chunk at 9:36:49 at 21 11/16. A buy. :-(
However, I'm unfazed. As I've indicated in the past, I think it's a mistake to use TA alone- I'm radical that way. ;-) I think they [Nordby folks] will get stopped out real soon.
Anaxagoras (who is very, very, very often wrong) |
