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prof

01/03/06 3:27 PM

#70191 RE: dart1961 #70184

dart
I think five year chart works best first, to get a feel for the stock. Each stock has its own personality.
Then look at smaller time periods: one year, six month. I think three months is almost too short for Waves.
Best example of a long term Wave was the DJIA - plain as the nose on your face.
When you look at a five year chart, you may see what I'm talking about - that Five Wave that you were looking at on a three month chart becomes part of the First Wave.
I much prefer the charts that our specialists here on the board are supplying us with for short term.
At any rate, it's great that you're looking at many different things. I think everyone needs to find the combination of tools which works best for him.
Best to you,
Prof