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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?


To: Doug R who wrote (43031)8/22/2003 1:58:14 PM
From: in_cog_nito  Read Replies (1) | Respond to of 79326
 
Doug: Your list from Aug 17 th Message 19217759

Looked at all and the ones I liked best:
Message 19218379

I gave as much wisdom on the fundies as you gave on the chart TA. I guess I could have listed the reasons I liked for each stock, but did not as that would be a 10 page report on all those stocks, and would take apx. a week.

Fundies, usually do not indicate price targets as TA does. That is why TA is the most useful of all tools! TA has a high rate of accuracy and shows target in and out points. Your TA use to do that!

Maybe others can arrive at Targets based on Fundies, but I cannot honestly say I could do that. For me, Fundies either back up the TA or disputes it, or indicates how it might Trade and what kind of News/Pr might propell the stock forward. Again, TA is the most important part and least understood by most people. Fundies are not always that important,or at least not as much as TA, but understood by most.

I will look at SOME on the list again this weekend and post more information.

If you ran a chart/TA and have reason to believe a stock will go up, and up a good percentage, then you should know the targets. You have the charts and lines in front of you.
If you are concerned that people will flame you for being off target....I don't know what to say other then I will not do that.
If there are no Targets from the TA, then we are just throwing darts and picking random stocks.
To say something is a BUY, without a target, means nothing, nada, zero. Even loose targets are good.

I have not seen the A+ list for the year but I will check it out this weekend as well.

BTW: I believe that TA is the Wisdom part, not the fundies.

Scott

PS: sorry you did not find any humor in my post last night. Is Humor out too?