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Shares / Re: My look at shares
« on: February 17, 2014, 06:25:57 pm »
I agree 100% with Neil. Doing what he mentioned is paramount before buying. But when to Buy or Sell becomes a problem. Many stocks are cyclical and can carry on down for many months for no apparent reason even though the markets are in a bull run. This is where I would like to sell. Or perhaps wait for a reversal signal to buy. This is when charts come to play.
Look at ABL. In a long term down trend. Would you buy it now? Thought not but when would you buy? A good stock overall but not the flavour of the day as yet. Should a technical buy signal develop, traders will climb in attracting investors back and up she will go.
STXIND. My charts showed that Industrial stocks had climbed up too high above the 200ma and was due for a correction. I stated this on this forum. What happened? This sector dropped more than most sectors to a more sustainable level above that ma.
Look at ABL. In a long term down trend. Would you buy it now? Thought not but when would you buy? A good stock overall but not the flavour of the day as yet. Should a technical buy signal develop, traders will climb in attracting investors back and up she will go.
STXIND. My charts showed that Industrial stocks had climbed up too high above the 200ma and was due for a correction. I stated this on this forum. What happened? This sector dropped more than most sectors to a more sustainable level above that ma.