Forum Archive Index - March 2002

[Phaedrus <Phaedrus@techemail.com>]

Enrique,
        It appears that you have failed to understand my lengthy reply. Let me 
try with a short one.
 
 One "wrong" signal does not negate a system. Especially when the "wrong" 
signal closed out a trade that made 6.8% in 7 weeks. (That's 50% per annum to 
you)

 Re INL :- "The masses have not been selling out of INL as you advised them to" 
 The masses do not follow me. I follow the masses. I have never had any 
illusions about this. 

 "There may also be an embarrassing possibility that the share price 
may rise" Of course there is a possibility that the price may rise. This would 
not be embarrassing. All I have done is point out that the medium-term 
trendline has been broken. Fact. Future price action will not negate this. You 
seem to think I have made a prediction that the price will not rise! I have 
made no predictions.

 "But I guess the charts would have told you all that before you hollered 
"sell" over the weekend!" I will treat this comment as naive rather than 
sarcastic. Charts are unable to predict the future. They merely show us the 
direction a stock price is headed, how long it has been heading in that 
direction, and its rate of change. I did not holler Sell. I merely pointed out 
that the medium-term uptrend had ended. A fact supported by price action, and 3 
technical indicators.

 I am at loss to understand the strident tone of your response, particularly 
since my post included the words "This stock is still in a long-term uptrend, 
so long-term holders may choose to ignore these signals." How you manage to 
interpret this as "hollering Sell" is beyond my comprehension.

                      Phaedrus.

 

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