This Is The Buy Of The Year

Quote from stock_trad3r:

indexes are dirven mainly by fundamentals such as earnings, growth and profits. Subsequently, technicals such as double tops, double bottoms, moving averages, and so on generally don't apply to indexes such as the DOW or Spooz.

With regard to stocks, however, some technicals can be useful such as the cup and handle, which I have found to be the most reliable.

Support and resistance lines aren't very reliable.
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:confused:
 
Quote from Tracy McGreedy:

Stock_trad3r likes big bubbles. cos it's so HUUUGE, so round and out there.
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This version may appeal more to the avg ETer.

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During the subprime situation a lot of technicians were mentioning how the dow fell though support and would fall much lower. It rebounded less than a week later. And within a month it hit 52 weeks highs.

Same for Feb 27th and many other sell offs where the indexes had crossed moving averages and broke resistance. Each time the markets rebounded as if nothing had happened.
 
Quote from stock_trad3r:

During the subprime situation a lot of technicians were mentioning how the dow fell though support and would fall much lower. It rebounded less than a week later. And within a month it hit 52 weeks highs.

Same for Feb 27th and many other sell offs where the indexes had crossed moving averages and broke resistance. Each time the markets rebounded as if nothing had happened.
More...

The examples you cite are in the midst of a mania, which you deny. You are a buy-side-only genius. Enjoy it while you can. It ALWAYS goes up, until it doesn't.

Never say always
Osorico

BTW; To an extent, some TA, particularly methods with large followings, is self-fulfilling... lack of self-fulfillment of such TA is a valid, insightful, useful and tradable result.
 
indices mean NOTHING. there are huge bear markets within.
leh 80 went to 50
bsc 150 to 100
mer 90 to 55
nfi 40 to 4's
abk 95 to 23
c 50's to 37
bzh 35 to 10
spf 20 to 4.


Quote from stock_trad3r:

During the subprime situation a lot of technicians were mentioning how the dow fell though support and would fall much lower. It rebounded less than a week later. And within a month it hit 52 weeks highs.

Same for Feb 27th and many other sell offs where the indexes had crossed moving averages and broke resistance. Each time the markets rebounded as if nothing had happened.
More...
 
Quote from Tracy McGreedy:

indices mean NOTHING. there are huge bear markets within.
leh 80 went to 50
bsc 150 to 100
mer 90 to 55
nfi 40 to 4's
abk 95 to 23
c 50's to 37
bzh 35 to 10
spf 20 to 4.
More...

Um you're talking about a sector, not the actual market. It's obvious that sectors fluctuate.
 
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