123Tom's TA study group

[jsc52033]

Nich IMO as long as there is no major change in the abillity of the stock to increase or decrease earnings
the chart patern will win. When a speciifc company has A change in its ability to earn then the chart patern will have to move accordingly and often fast. So just looking at charts will at times get you in trouble.One must llok at the underlying cause which is ability to earn IE with metal stocks an change in the price of the metal and is it still in a range or did it cross a range. With other speculative companies such as Biomeds did they make a mile stone and how are they fixed for cash going forward to complete. With oild exploration ddid their new well core tests show signs favorable for a completion or does it show that there may be a better target on another location in their drilling prgram. OR did the it a paying well.
ya gota look at the whole picture as best you can. Then place your bet on the wheel or rooll the dice.