|
Printable version |
From: | "Peter Riches" <peter@kairos.ws> |
Date: | Wed, 18 Dec 2002 12:26:48 +1300 |
According to Phaedrus's chart the market lost over 1000 points in the following 2 months. So selling out on the 20th would actually have "saved you" a bundle of cash - and knowing that it was unwise to buy back in again would have saved even more. ----- Original Message ----- > Hi Phaedrus and Bill, > > > > > > >I don't know when that Sell advice was given, > > > > > > According to the volume in my bookshelf "Making Money > on The New Zealand Sharemarket" co-authored by Phil > Briggs this advice was given "early in 1987". > > > > > > >but to my mind > >the earliest irrefutable indication of weakness was when the > >Index broke below the confirmed upward trendline that had held > >for nearly five years. This was on 20/10/87. > > > > > > Unfortunately the crash was on October 19th. > > So my conclusion is that T/A would not have saved you, at least in > any 'predictive' sense. The other problem is that there was no > internet trading in 1987, so it is doubtful that you could have even > spoken to your broker amongst all the phone line mayhem. > > Even if you had got through, I personally knew someone who ordered > their broker to sell and they didn't do it! > > SNOOPY > > > > > > --------------------------------- > Message sent by Snoopy > e-mail tennyson@caverock.net.nz > on Pegasus Mail version 2.55 > ---------------------------------- > "Dogs have big tongues, so you can bet they don't > bite them by accident" > > -------------------------------------------------------------------------- -- > To remove yourself from this list, please use the form at > http://www.sharechat.co.nz/chat/forum/ > ---------------------------------------------------------------------------- To remove yourself from this list, please use the form at http://www.sharechat.co.nz/chat/forum/
References
|