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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Ken Carter who wrote (8760)	10/4/1998 8:05:00 AM
From: Webb B Blackman Jr	Respond to of 12039

Ken, I do not think that there is anything wrong with looking at good companies that have dropped in price to find a price to buy them. I think that the option of TA is to try and find the right time to buy. I know in my own case, that I have a large list of stocks that I look at each day. Just waiting for conditions to indicate that they have stopped going down and have started a uptrend. But one point to think about is the stocks with really high P/E ratios. They can be cut in half and still have high P/E ratios. That means that it could be years, if ever, before they regain their past prices. Why not look at stocks that are moving up now. If you look at a chart of WLA, you will see that there are times that you should not own the stock, if your object is short term trades and there will be a time to get back into LU. The goal is pick the right times more often than not. The people who jump on a Yahoo type stock are playing on the fact that they see a stock that has increased in value and should continue. Technical Analysis would most likely keep you out of the stock. Just one person's thoughts. And the thoughts from a person who does not follow what he knows to be right, all the time. --- webb ---