Forum Archive Index - May 2003

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

>
>
> You ask if technical analysis would have given a buy signal on
> TRH last Monday.
> Here is an assortment of indicators with their associated signals.
> Most of the buy signals triggered on the Thursday and Friday before.
> All the charted indicators use the MetaStock default period of 14
> days - none have been optimised for this stock. I have used default
> values 
>
>

Thanks for that Phaedrus - interesting.    I take it the fact that the 
indicators have not be optimised means that you haven't been trading 
this share yourself.    Still it shows what an aggressive short term trader 
could do.    That fourteen day moving average sounds very short term to 
me!

Without the benefit of hindsight I wouldn't have gone near Tranzrail 
myself either.   Mick said it had good assets, but if the assets were that 
good there would be a string of white knights ready to swoop and rescue 
the TRH damsel in distress.   Instead the only rescuer waited until the 
TRH damsel was face down in the swimming pool barely alive before 
diving in to save her.

SNOOPY

discl:  No TRH


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