| asfbuck |
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Gold User, Member, TeleChart
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| Registered User |
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| Unsure |
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| Sunday, October 9, 2005 |
| Tuesday, January 8, 2008 10:03:54 PM |
18
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After a few quiet days, nice move to the upside today on good volume! I was guilty of bottom feeding as well, but a one day 8% gain isn't a bad thing....
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As a novice charter(previously long time ignorant investor--no more brokers), I am all about the KISS method as there's only so much one can digest over a period of months. I use the Worden indicators along with MA and RSI. Being in a long term downtrend, LOUD was a higher risk buy, but the indicators gave me enough confidence to jump in(lightly).
So far my results have been good as my account is up 10% plus since Nov. Maybe I'll find some extra brain capacity in '06 to try and take on Mr. Elliott or Mr. Griffith, but for now ignorance is bliss....
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Nice move today on monster volume and indicators look great. I believe it's poised to move thru the 50 day ma early next week.
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Rallying from a short term bottom and indicators looking pretty solid. Although chart isn't the best looking on a longer term basis my eyes are open.....
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CEO resigned this past Friday...There's support right around these levels so we'll see how it shakes out. My shares were stopped out by the weakness last week so I think I'll watch this one a bit before thinking about getting back in.
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He definitely can move a stock with a lower float...but genrally it's a one day move at best. ie--I owned JADE previous to some comments on Thursday. I got lucky and made mad(sorry-I couldn't resist)money, but not being a pig, I was history early this morning. The stock isn't back where I bought it, but it's pretty darned close. Bottom line--over the long term, I believe his commentary isn't the kiss of death, but short term he can put a smile on your face or piss you off.........
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Thanks for the advice......It was my feeling that Platinum isn't a must at this point in time, especially when most of my positions are set during the evening with limits/stops. When you're still learning reassurance from someone more experienced definitely helps.
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Thanks for the advice....as a novice charter, and someone who averages 3-5 trades per month does anyone have an opinion on the value of intraday charts. No daytrading here, but I imagine the intraday charts can help with entry/exit points.
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I've been using tc2000 charts which take me up to a daily view....How do you pull up tcNET charts which give you an intraday view?
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