Forum Archive Index - March 2002

[Phaedrus <Phaedrus@techemail.com>]

Athol,
        I can understand your puzzlement and despair at the market's totally 
irrational response to the excellent CLH half-year results.
 This is a good example of the market's inherent illogicality, and is  the type 
of thing that first drove me to TA. I now concentrate on what the market is 
doing, rather than trying to predict what it ought to do.
 Take a look at the chart below. CLH was in a very strong uptrend for nine 
months, a downtrend for two months, and has been going absolutely nowhere for 
six months, so far. Anyone could see this even from the other side of the room. 
 You don't need technical or fundamental analysis to trade effectively. All you 
need is a chart.

                    Phaedrus.

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