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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: da_cheif™ who wrote (137136)	4/29/2020 12:32:06 AM
From: Winfastorlose	Respond to of 207399

I'm sure it was. You have a great system. You are often able to identify lows based on the analysis you are able to make from the system you developed. It is kind of like this. Many years ago, I knew this guy from India who was a very good technician. I forget which system he favored, but he taught it in night classes to brokers. . One day he called me up and said I should buy a particular stock. I asked him what business the company was in and he gave me an answer. Two or three days later, he called me back and asked me if I bought it. I told him "No. I looked up the company on S&P Marketscope and they were in a completely different business than you said they were in so I figured you made a mistake". He replied, "You blew it. That stock has rallied 25% and I don't care what business they are in. I never care. The technicals said to buy it and I bought it. Now I made money and you didn't. Next time I give you a pick, pay attention". lol.