Forum Archive Index - July 2001

[jesse <johne777@hotmail.com>]

You can do better than that Snoopy. Phaedrus says......

"So what's the point of saying the uptrend had ended if the stock
  > then resumed its upward movement?" Stock prices generally move in
  > a zig-zag manner. Uptrends tend to be followed by downtrends, or
  > perhaps trading ranges.
  >
  >
and you reckon that.......

That sounds mightily close to being able to predict the future
  Phaedrus.   You are saying that after an uptrend a share price is
  likely to remain stable or trend down, yet you have already admitted
  that a chart cannot tell you that.

Didnt he say, 'generally', 'tend', 'perhaps'?  How many times has he
said charts dont predict? Would 'gauge' sit better with you? Charts
gauge market sentiment. This is a great thread, but lets have some
advancement on the topic and less pettiness.
jesse



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