She's all over the place .... BUT .... looks like a perfect pennant forming which will be decided on ... in about 2 weeks by the look of it.
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She's all over the place .... BUT .... looks like a perfect pennant forming which will be decided on ... in about 2 weeks by the look of it.
moosie 900 Have they run out of Bigger Fools
I just found this video on youtube about how the entire CxBladder process works. Pretty interesting but full of fairly high tech stuff! Not sure if this has been posted before or not.
Also, CxBladder has a facebook page which I signed up to here: http://www.facebook.com/pages/Cxbladder/144353678913026
http://www.youtube.com/watch?feature...&v=1kTA6HrNuJY
So much tension building. RSI on an upwards trend, pennant formed and 30 and 90 day moving averages coming close to crossing. Probably fair to assume that we are going to see some decent action (either up or down) in the next week or two? Although in saying that, this TA stuff doesn't affect the sales in the US ;)
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There are traders and there are investors.
Someone like Moosie does not pretend otherwise - he is a trader so daily price movements matter to him. I read his posts accordingly in that light.
Someone like Hancocks share very good research and information. I value his postings accordingly from that standpoint.
It is just very rich for some posters on this thread to come in whenever the sp takes a dip and write 'I told you so.' Sour grapes on a diseased vine if ever I read one!
That's not quite what I meant. The point was, mostly, facetious.
if you want to beat the market, which implicitly means do better than average, without relying on blind luck, then you need an edge. The point was simply that, in general, you want the people on the other end of the trade to be playing charts.
Anyway I liked your post. It is the truth.
The way I do things and maybe lots of people whom call themselves traders,is look at the charts to get a good picture of what direction the stock is heading if any.
If it looks promising then mix in some fundamentals to back up the story(or the other way round if you like).
Everyone has their own way of making their buying and selling decisions,but I find charts invaluable,but not the be all that ends all,the same with fundamentals,balance it,whatever makes you comfortable.
This is a never ending learning curve for me,i will always make mistakes,it won't stop,i just need to minimise them,and their impact.