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From: | Phaedrus <Phaedrus@techemail.com> |
Date: | Thu, 24 May 2001 20:24:48 -0700 (PDT) |
Michael, This stock has been in a sustained uptrend since May 2000. It is currently in a consolidation zone. (Going sideways in a trading range) Buy if it goes above 365, Sell if it goes below 335. Typically, stocks exhibiting this pattern break out to the up side. mrgoodall, I use MetaStock software. $300 US. NZ data $15 / month. Athol, Read books. Start with "Trading for a Living" by Dr Alexander Elder. Join STANZ (Society of Technical Analysts of NZ). Go to the Equis website for info on MetaStock. Silverfox, You are right, it is best to use both Technical and fundamental analysis. The more heavily stocks are traded, the better technical analysis works. Thus it works better in Australia than NZ, and better in America than Australia. That is why it is so widely used in America, and why most of the software comes from there. Lyall, I think that is the best post I have ever seen on this topic. Phaedrus. _____________________________________________________________ Are you a Techie? Get Your Free Tech Email Address Now! Visit http://www.TechEmail.com |
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