Forum Archive Index - November 2001
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[sharechat] THL
Ross,
Re THL "What with the price, MACD and Stochastics plummeting, and Wilders
DMI crossing to 'sell', is it still in an uptrend? Weekly and Guppy still
thinks so. Anybody else? Please advise"
Depends what timeframe you are looking at. Different people are trading
different trends, using different indicators selected as being appropriate to
the timeframe they have chosen to trade in. You can not expect any consensus
when aims, objectives and thus methods will vary so widely.
Looking at this from your perspective, it is not good to be a long-term
holder of stocks that are in a long-term downtrend. Short-term traders would
have sold days ago. Medium term traders will be watching price action today
very closely, because THL closed yesterday right on the trendline.
Phaedrus.
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