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To: KatayamaGorobei who wrote (4026)4/29/2009 11:02:02 AM
From: Rarebird  Respond to of 26251
 
Fundamentals are a lagging indicator. Charts tell the whole story. In a bull trend, the smart money accumulates on price declines to around the 55 day moving average.

"The waiting is the hardest part" (Tom Petty) for the momentum player; for he is the gambler who is looking for instant gratification. But a little patience is almost always rewarded when you align yourself with the smart money.