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To: quasi-geezer who wrote (42958)2/6/2002 11:10:49 PM
From: Dave Gore  Read Replies (1) | Respond to of 208838
 
FC, you know me better than that, don't you? I do T/A all the time on my thread, but T/A is way less important than you think when the market is in a funk or a high.

I can name you a bunch of stocks that were ready to explode on the upside until all this stuff happened.

BTW - I see you get really black and white like a lot of traders do. You really believe that ALL companies are dishonest and ALL PE's, PEGS, etc. are worthless?

T/A is really important when the Market is reasonably stable, but in times like this T/A doesn't work all that well. If you've been doing it, you know that. I can't tell you how many stocks with an RS of 85-99, have broken through lower Bollinger Band support, even though their stochastic were near oversold and their MACD in great shape.