|
PureBytes Links
Trading Reference Links
|
Everyone wants to be able to say that they called the exact bottom. Like the exact top. It will be elusive. Do you buy profitable companies stock selling between
$5 and $15 knowing that they will not go out of business? These companies sold at $80 to $250 just over a year ago. No, they may never get there again, or like
IBM in the 70s, it may take 10 years for them to reach new highs. Was IBM a good buy between $42 and $45 then, i'd say it was. Are the tech stocks good buys under
$15 going down, or are they better buys at $18 plus on the way up? Trying to guess a bottom, like a top is only good after the fact. If you guess enough times
you will eventually be right and be able to post to the world that on such and such date you posted the exact bottom. I still have targets to the down side for the
indexes. I still have targets for many stocks to the downside. Does it mean that they will reach those target? No, but the probabilities say they will. Of
course with probabilities, there are always two sides. Good trading, Ira
Timothy Morge wrote:
> Mr G and all RT'ers...
>
> Just a question I'd like to ask the list, in general...
>
> Gazing back at the posts over the past XX weeks or months [while we were
> clearly in a down trend, bear mkt, whatever term you like...], I see a
> tremendous amount of energy spent posting things like:
>
> I assure you the Nasdaq will rally XX percent after making a low today...
>
> My work says today is the low of the move and the markets will now rally XX...
>
> I see on my charts that the market[s] have reached their bottom and should
> now test XXXXX on the upside within XX days...
>
> and on and on and on...
>
> Why is so much energy spent trying to pick a termination of a down trend?
> Why aren't there posts extolling the virtues of selling every rally while
> we are in this beautiful downtrend? Where are the charts that show
> tomorrow's potential sell area if we are lucky enough to get a rally in price?
>
> Just an observation...Anyone like to reply or speculate?
>
> Best,
>
> Tim Morge
>
> At 11:52 AM 4/3/01 -0400, you wrote:
> >Been dissecting some canned trend related indicators for CSCO, and come up
> >with some data :
> >
> >- Peak in Weekly ADX: CSCO @ $77, with ADX (14, wkly) at 49.27.
> >- MACD 12/26/9 last seen in positive territory: CSCO @ $64
> >- RSI (5) last seen over 70 (overbot): CSCO @ $42
> >- 200 day ema last touched on either side: CSCO @ $60
> >- 50 day ema last touched on either side: CSCO @ $50
> >- 20 day exponential moving average last touched on either side: CSCO @ $40
> >- Any major moving average last touched on either side: the 20 day, with
> >CSCO @ $40.
> >
> >- Current Weekly ADX (14) : 47.41
> >- Current position of moving averages:
> > - 200 day simple $48.73
> > - 200 day expo $42.03
> > - 50 day expo $25.25
> > - 20 day expo $18.86
> >
> >- Current Stock price: $13.625
> >- Peak stock price: $81.75
> >
> >Average acquisition price for those who bought into CSCO from Jan 1, 2000
> >on a weekly DCA at a service like Buy&Hold.com or stockpoint.com: $35-$39,
> >depending on day of week.
> >
> >In other words, the stock has lost 2/3rd of the invested amount over a
> >year and 3 months.
> >
> >Word is, the bear market blows away all bull market funda's.
> >
> >Gitanshu
> >
> >Yahoo! Groups Sponsor
> ><http://rd.yahoo.com/M=177880.1317466.2915209.2/D=egroupmail/S=1700001779:N/A=622759/*http://ad.doubleclick.net/clk;2627355;5684702;n?http://www.business.com/>
> >Click here for Business information
> >
> >To unsubscribe from this group, send an email to:
> >realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> >Your use of Yahoo! Groups is subject to the
> ><http://docs.yahoo.com/info/terms/>Yahoo! Terms of Service.
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
------------------------ Yahoo! Groups Sponsor ---------------------~-~>
Rates are falling -- now is the time to Refinance!
IndyMac Bank guarantees to beat any mortgage by $300 or
they will pay you $300! Get your FREE quote here.
http://us.click.yahoo.com/Eavf1C/7fYCAA/MPlEAA/zf_UlB/TM
---------------------------------------------------------------------_->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|