Forum Archive Index - November 2001

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[sharechat] Buying stocks, the sharechat system

From:	"nick" <helmett@xtra.co.nz>
Date:	Sat, 17 Nov 2001 13:34:26 +1300

Track the number of postings to sharechat each day.

Whenthe average is high it means the NZSE is in an

overbought state, usually culminating in a posting frenzy.

Time to think about taking a few profits.

When the number of postings is very low, ie less than

10 then you know the index is oversold. If there are less than 5

posts in a day you will know that it is a great time to buy stocks.

If you dont believe me look back at posting activity around times

of big lows,

Nick

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