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[sharechat] THL


From: Phaedrus <Phaedrus@techemail.com>
Date: Tue, 6 Nov 2001 12:50:30 -0800 (PST)


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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