Forum Archive Index - March 2003

[prhughes@value.net.nz]

Hi Robin

Phaedrus has  forgotten more than I know, so bow to his 
knowledge and pass.

My remark never buy or hold in a downtrend probably started 
this,fair enough. Which would you consider your best chance of 
success when a stock is going up or going down?Look at a chart 
of TWR and tell me.

 I understand the basics reasonably well, break of trendline, 
appropriate moving average crossing,higher high and higher low 
(Dow Theory) etc.

I cannot tell you what the price will be next week, I don't know.That 
is why you watch the chart, a sort of real life situation. Responsible 
TA folk never predict the future.

What I am interested in is the long term trendline. Phaedrus may 
be able to post a chart from 1998 till 2003 for WHS which explains 
my situation in not to be overly concerned about all the ups and 
downs like I did before using charts. In plain English if the price line 
does not break through the trend line, I would hold.

Bill.



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