Forum Archive Index - December 2002

[Phaedrus <Phaedrus@techemail.com>]

Adrian,
       I have never claimed any predictive abilities. All my charts do is show 
past market behaviour, thus enabling the current state or condition of the 
market to be determined.
 All four of these stocks are in long-term uptrends, and have been for years. 
When stocks are trending steadily like this, it is very hard to beat simply 
buying and holding. The most tradeable stock of these four would perhaps be 
WHS, so I have marked the secondary trends, with their associated trendline 
break Buy and Sell signals. Note how this extra activity produced little or no 
advantage over simply buying and holding this stock.
 I posted a similar composite chart of some stocks in longterm uptrends like 
this back in February this year, under the title "Spot the Dog". 
http://www.sharechat.co.nz/archives/2002/02/msg00418.shtml
 The object was to show that there was no need to hold non-performing stocks 
when many better alternatives were available.
 The dog in question was the subject of much debate at the time, and later 
developed into a real mongrel.
http://www.sharechat.co.nz/archives/2002/02/msg00398.shtml

           Phaedrus.

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