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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (44476)	1/24/2013 8:00:05 AM
From: Vendit™	Read Replies (2) \| Respond to of 220888

I fully agree and is how I trade as well. I have learned that charts are a predictor of both current and future stock and market action which is normally coupled with fundamentals which drive supply vs. demand. The average Price Earnings Ratio of all combined NASDAQ stocks is about 15. You arrive at 15 by dividing the stock's current earnings per share into its current trading price. For example (fundamentally speaking) AAPL’s earnings are $45.15 per share. With that said AAPL’s true market value is calculated by taking $45.15 X 15 = $677.55. So you can deduce that AAPL is being badly misjudged fundamentally.