Forum Archive Index - January 2002

[Jefley Aitken <jefley@xtra.co.nz>]

Happy New Year!

with help from sharechatters and their recommended metastock java and 
incrediblecharts sites, i've been proving to myself that a little knowledge 
may not only be dangerous, but also depressing...

i've put my list of stocks that i do not currently hold, but might like to 
hold, through a list of charting indicators.  I find that SOE and NZR are 
the only ones indicating that now-ish is a good time to buy.

HED and DBG get a reasonable scorecard, and WKL is the best of the rest.

the rest included (in no particular order) CED, NOG, PGG, STU, HBY, AIA. 
 If i held any of these, i would consider selling them all!

the indicators i've been trying to interpret (with greater effort than 
accuracy i suspect) are:  trend lines, Bollinger, Envelope, MACD, MA, MA 
crossover, On Balance Volume, Performance, Price-vol trend, RSI, and W%R.

my main concern regarding SOE and NZR is that they may be due to run out of 
steam having risen so far and so fast.  i know that "buy high, sell higher" 
is a reasonable maxim in a rising market, but my charting efforts on the 
NZ40 suggests to me that now might be a "prepare to bail out" time, rather 
than northward-ho the wagons.

i'd love it if someone could check some of my work or make some comments.
regards, jefley.



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