Forum Archive Index - January 2004

["Allan Potts" <ajp7079@excite.com>]

Thanks Phaedrus,

You are not doubt correct about me standing too close to the action.

On the spike the other day, I thought the action was overdone due to short 
covering and sold about 75% of one of three positions hoping to buy it back 
lower.  This was done without tax consequences and minimal transaction cost.  
It still looks as though it may have been shorts getting squeezed, but worried 
me was trying to cover my bets in case anyone else saw a correction in the 
action.

Thanks for the encouragement.

Allan 




 --- On Wed 01/07, Phaedrus  Phaedrus@techemail.com  wrote:
From: Phaedrus [mailto: Phaedrus@techemail.com]
To: Sharechat@sharechat.co.nz
Date: Wed, 7 Jan 2004 17:15:43 -0800 (PST)
Subject: [sharechat] TA

Arifin,<br>       With regard to your software question, take a look at 
http://www.sharechat.co.nz/archives/2002/03/msg00009.shtml This should answer 
most of your queries.<br><br>T100,<br>     I find the Technical Analysis of 
Stocks  Commodities Magazine to be patchy, rather than uniformly mediocre. 
Sometimes it has really good articles, other times it is all but useless. Read 
it free at the library as I do!<br><br>Allan,<br>      Correction? I wonder if 
you are standing too close to the action - look at a longer term chart to get a 
better perspective. You have to give them room to breathe. Get too twitchy and 
you will be prematurely flicked out of many a profitable trade.<br><br>         
                     
Phaedrus.<br><br>_____________________________________________________________<br>Are
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