Forum Archive Index - October 2003

[Phaedrus <Phaedrus@techemail.com>]

Bill,
      I guess you are referring to the recent break of the confirmed 
medium-term trendline. Well noted. From the timing of your post, I do wonder 
though if you are using a linear price scale. I say this because using a 
logarithmic price scale, this break occurred a week ago, giving an exit at 
$6.46. Using a log price scale also puts the 3 major lows on a nice confirmed 
longterm trendline. With a linear price scale, this trendline remains 
unconfirmed and too far away from current price action to have any real 
relevance.
 Stocks like AIA are very tradeable and it is not all that difficult to beat 
buying and holding. How do your paper-trading results compare? What 
indicator(s) are you using? Moving averages work quite well on stocks that have 
good clear trends, such as this one.
 By way of a disclaimer, I will state the obvious here - the longterm uptrend 
remains intact and longterm holders of this stock should ignore this 
medium-term sell signal. 
 Some people get upset if you post a sell signal on one of their chosen stocks.
         Regards,
                   Phaedrus.

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