Forum Archive Index - November 2000

["P Maiden" <pmaiden@xtra.co.nz>]

Warner - like you I think it better to leave real technical analysis of charts to experts.

 

However I did catch up with Simon again yesterday and he is still adamant that his reading of the SKY chart is right. That rise in price on Friday of 20 cents to 310 is only a minor transgression and does not affect the overall trends - whatever that means.

 

The returns by buying and selling SKY when the charts signal such action are much graeter than holding over time. The sums that Simon did on Thursday night  showed that. No wonder Amanda was impressed  - basically (going from memory) it was the difference between - 

 

• the return over the last 490 days by holding was 10.8% pa.
• using the price channel signals something like 150% pa - in the market for about 100 days
• using signals from the ROC chart something like 125%pa  - in the market for about 85 days 

Pretty impressive stuff and something I might try to fully understand one day. In the meantime I think I'll stick to the conclusions I come to from a quick look at a chart.

 

Simon said he had a good night with Amanda. Amanda apparently was quite keen on charting Australian stocks because they seemed more exciting. They had a look at ACE, BYO  and PEP. Simon suggested a quick look at FUN and EZY. I don't know who was leading who on but apparently they stumbled across SEX and that was the end of charting for the night ......

 

Warner  -  I have told Amanda about 'head and shoulders' and 'double bottoms' and she is going to ask Simon about those. What next?

 

Tony - Apparently 'cups and saucers" and 'garden triangles' do not excite Amanda.

 

Graeme - Simon was working last night so Amanda went doen to that Irish pub down the road looking for you and some action. Couldn't find you!

 

Even though there are huge gains to be made from really understanding charting signals I think in the interest of self preservation I'll admit my ignorance to a real understanding of the subject..............and put the matter of Simon and Amanda to bed.

 

Peter

 

DISC - No SEX but notice the price was down to 38 cents during last week but  firmed to 41 cents on Friday