Forum Archive Index - September 2001

["Alan Shaw" <alan.shaw@clear.net.nz>]

Well I for one am interested in what Phaedrus has to say and the movements
of the charts. There are a lot of  messages on the forum I don't agree with.
I dont feel the need to rubbish the author. If you're not interested in
technical analysis, fine. Who's forcing you to read it?

Keep up the good work Phaedrus, its much appreciated by this member of the
forum!


----- Original Message -----
From: "nick" <helmett@xtra.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, September 26, 2001 4:35 PM
Subject: Re: [sharechat] No Cash?


>        Your a hero , why the constant need to keep letting us know?
> Considering you yourself say charts cant predict the future, its strange
> that they saw "the writing on the wall"
>        Strange you are always letting us know after the event
>
>       Nick
>
>
>
> >   The current situation highlights some of the problems inherent in
> blindly following a "Buy and Hold" approach. Many people are forced to sit
> on the sidelines at a time when good buying opportunities are presenting
> themselves, because they have no money. Why? Because they have no selling
> strategy in place. No mechanism whereby they take profits, or limit
losses.
> The worst aspect of this is not the capital erosion incurred by doggedly
> holding stocks through major retracements (though these can be
substantial.)
> The worst aspect is the loss of opportunity and the frustration of not
being
> able to buy sound stocks with good fundamentals at bargain prices, through
> lack of cash.
> >   Some of you may chose to attribute recent losses to the effects of the
> WTC tragedy. The writing was on the wall well before then, as can easily
be
> seen on individual charts, as well as collectively - shown on the Dow
chart
> below. I learnt many years ago to pay close attention to USA market
> movements - not just because I trade there, but because it is such a major
> influence on other markets. I regulate my degree of market exposure by
means
> of simple technical analysis of appropriate indices. The chart shows what
I
> did, when and why.
> >                       Phaedrus.
> >
> > _____________________________________________________________
> > Are you a Techie? Get Your Free Tech Email Address Now! Visit
> http://www.TechEmail.com
> >
>
>
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