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To: Meathead who wrote (21115)11/11/1997 12:10:00 PM
From: McNabb Brothers  Respond to of 176387
 
Meathead,

I agree with you that that is in every TA book there is, I'm just saying that I do not put a lot of faith in that indicator! In fact there are a lot of TA indicators I do not put faith in! But it is amazing how some TA indicators work so well! My favorite is using candlesticks when looking at TA on a stock!

As far as my long position that I hold, I use strickly FA on my selections! Try to buy and put away in a lock box and hope my kids or grand kids have to worry about them! Take a look at my longs, very conservative, usually in stable long-term growth areas! I do sell every once in awhile and will add to my core holdings! Example, this year sold alot of KO in the mid 60's and bought RIG and DO a year or so ago!

Meathead, keep adding to your longs and diversify and you we do very very well in the future! Good luck to you and I think you hit it on the head as far as an investment style!

Hank