StockChart
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 Posted:
Tue Nov 02, 2004 2:57 am Post subject:
Timing the Markets |
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The true value of technical analysis is in giving investors a dramatic
edge in timing the markets. Once you've determined the overall
direction of a specific stock - up, down or sideways - I recommend
trading with the trend. Don't try to pick bottoms or tops - at least
not as a regular habit. Once in a blue moon you might hit the exact
bottom or top… but meanwhile you'll go hungry waiting...
If you are looking to buy, a much better approach is to catch a stock
in a steady zig-zag pattern leading upwards and then use technical
analysis to determine the best times to buy and sell. If a stock has
hit bottom, and shows signs of an established up trend, even better.
There are always stocks to be found that are steadily trending
upwards… even in bear markets!
continued -- http://www.chartfilter.com/screenernewsletter/nl9.htm
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