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Hurricane_Rick

06/25/14 2:40 AM

#64588 RE: Starman365 #64585

Nice quotes, but not at all applicable to a stock like MDMN as I explained in my previous post.

During the day I trade crude oil futures, e-mini futures and gold ETFs. I do so completely using technical analysis, though I do pay attention to macro news (e.g. Iraq) to have a pulse on the overall direction the market bias may be leaning. As TradeRich recently and astutely shared with me..."I'm not trading on news, but rather the market's reaction to the news." And that's as far as the fundamentals take me as far as trading those vehicles for a living. I figure, if computers are actively trading it, then it really only requires technical analysis and we can leave the fundamentals at the door.

However, trading for investment and speculative purposes, such as I do with stocks such as MDMN, have proven time and again that the fundamentals and the technicals (both the whys and the whats) are inextricably linked. In order to get to my destination as safely, expeditiously and accurately as possible, I don't use a half a map. You'll figure this out soon enough with MDMN.