Forum Archive Index - April 2001

["G Stolwyk" <stolwyk@wave.co.nz>]

 

 

Hello Jesse,

 

At least, you can't accuse me of single-mindedness!

 

But, I won't use it for trading practices. Rather I use it in addition to the fundamentals of the stock and only when I have already concluded that it is a solid stock!

 

What it does mean is that I am also backed by these analysts and hence, the stock could have a bigger following!

 

Analysts and brokers use it! What is overlooked, I think, is the combined power these people have in the market place!

 

And a " bad interpretation " can sometimes leave a stock undeservedly sitting on the shelves.

 

Put it this way: If you are classed as a " non believer " in a religious sect, you are going to have a hard time, irrespective of whether you are right or wrong!

 

By the way, Peter Maiden's CLH chart is a beaut!

 

Gerry