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ClayTrader

12/08/07 3:31 PM

#13814 RE: sayheydave #13812

Huh? Did you see where the SHCM's chart was on "Day 5"? It was in a clear downtrend... therefore, you should have waited until a bottom and reversal was reached before entering (regardless of gaps)... you gotta be able to "read between the lines" on these rules...

If a weather man says, "it will start raining by 5 pm" and 5 pm comes and no rain, but you SEE dark black rain clouds approaching, would you still assume it won't rain since it didn't start by 5 pm? Of course not... the same goes for the rule...

The same is true for the Rule... if Day 5 is approaching, and the stock is clearly in an uptrend, then FORGET about the gap... if Day 5 comes and the stock is down trending, then you should still consider the gap, along with everything else associated with a downtrend (as in finding a bottom).




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Long-vestor

12/08/07 4:02 PM

#13815 RE: sayheydave #13812

This is too funny.. "My chart reading is better than yours" What's funny here is NO chart reading is better than another's.. If charts were perfect everybody would be rich..


Charts are helpful and that's all.. To know which way a stock will go, you have to consider ALL factor's and then the element of the unidentified.. Public opinion, techno data, company performance and finally the unexplained.. The unknown seems to be the most difficult to evaluate until it becomes past.. However anything positive about a chart, public opinion, coincided with company performance, is the highest guarantee a stock will increase in share price limiting the margin of the unexplainable.. .



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more taxes please

12/08/07 5:57 PM

#13822 RE: sayheydave #13812

Preaching? You're the only one here doing any preaching!!!! Hope you made a ton of money on SHCM with your magnificent foresight!