To: EL KABONG!!! who wrote (390 ) 9/14/1998 11:19:00 AM From: Cavalry Read Replies (1) | Respond to
sorry kerry, my post to you was after a long day, macroworld forecasts are purely technical, they are based solely on mathematical formulas, to use them as a black box would be disastrous. for someone like me who tears a company apart though as a guide for timing entry and exit points it is of use. here is an example today i was going to buy cmd and abte. the forecaster predicted a weekending price for abte of $5 and a three month target of $8. friday it closed at 6 and change. i wanted in abte but decided to wait for a pull back first so i put in a limit order of 5.50, which filled by the way.
