Home Depot

eganon69 said:
It DID work on down days. Look at the SPY and notice that 11-30 to 12-2 the market went down a bit and found support around EMA 20 and had a BULL FLAG forming JUST LIKE HOME DEPOT? That was the time to buy. I have said several times market may retrace a bit and looking to buy dips. Look at the charts of SPY and many other stocks see similar formations and patterns.

That's why I bought MU, MOS as mentioned in other threads. Not because I even know WTF these companies balance sheets look like. Who gives a shit? I only care what other people think about these. They could be selling air for all I care.
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Well... don't disappear. I'm all ears.
 
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vanzandt said:
?..I still say HD is a good short.
In the long term fundys win. You can't debate that....
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Short at your own peril.

Fundamentals only matter IF people and Institutions with a lot more money than we have THINK it matters. I am just a small fish on the back of the whale.
 
Covertibility said:
Too many people on the wrong side of housing after the release of the Purchase Index. News trumps TA.
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Whatever you say man, I had no idea there was even news today about the Housing Industry.

I have a full-time career so I can't watch for news reports, nor do I care what they say.
 
No prob. I know everyone trades their own way but you asked the question about TA, so I gave my opinion. Glad it was of some help.
 
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