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Re: Trueheart post# 29

Monday, 08/26/2013 5:50:59 PM

Monday, August 26, 2013 5:50:59 PM

Post# of 140
You are very kind. Sometimes they work out better than others. With the NWL chart, it was merely drawing lines at the top of the candles and pasting that to the bottom of the lows, creating a parallel channel. It just happened to coincide with extremely oversold conditions and a major moving average like the 200 dma. A good technical combination like that is rare to find. When you mentioned that the fundamentals were still solid, that made it an even safer play. If there ever is such a thing as a safer play? lol




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