Saturday, October 08, 2005 6:41:19 PM
Hmmm. I don't recall I (or anyone else here) suggesting giving up your shares of NEOM based on a chart pullback? First of all, if you are buy-and-hold, you buy pullbacks and hold or lighten your position on advances.
I am trying to show how charts can be applied to understand technically strong and weak patterns that can be used to determine the overall health of a stock.
Just because I post charts does not mean that I am looking at THIS PARTICULAR COMPANY as a trading stock. I am buy and hold as well, but I am just trying to show something that I wish I had someone teaching me when I was learning on my own during the great stock collapse after April, 2000.
Charts ARE essential, I will not even waiste ANY time supporting that statement.
Cabernet Chartist1
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