Sharechat Logo

Forum Archive Index - May 2001

Please note usage of the Forum is subject to the Terms & Conditions.

Messages by Date [ Next by Date Previous by Date ]
Messages by Thread [ Next by Thread Previous by Thread ]
Post to the Forum [ New message Reply to this message ]
Printable version

[sharechat] Swing Chart

From: Phaedrus <>
Date: Sat, 26 May 2001 14:01:01 -0700 (PDT)

There is no way you would have bought on 26/2 using Technical Analysis. Prices were still falling. However, lets say you got lucky and did. (Following the advice of your broker, maybe!) The low of 19/3 was not a sell signal. It was a swing Low, higher than the previous swing Low, and after a higher swing High. Higher Highs and Higher Lows? An Uptrend!!!!! All you have to do at this point is hold on as long as the Uptrend lasts. Until you get a Lower Low, after a Lower High. The date you buy has no bearing whatsoever on the interpretation of the chart. The stock does not know you have bought it.
What hint was there that the stock was going to resume its upward trend? None whatsoever. In fact, only the price movement of the following day revealed it as a swing Low. We are merely following the price action, and interpreting it using simple, predefined rules.

Are you a Techie? Get Your Free Tech Email Address Now! Visit
---------------------------------------------------------------------------- New Zealand's home for market investors ---------------------------------------------------------------------------- To remove yourself from this list, please use the form at


Messages by Date [ Next by Date: [sharechat] Polarized Fractal Efficiency Phaedrus
Previous by Date: Re: [sharechat] Financial Analysis - TEL Derek ]
Messages by Thread [ Next by Thread: Re: [sharechat] Swing Chart nick
Previous by Thread: [sharechat] Polarized Fractal Efficiency Phaedrus ]
Post to the Forum [ New message Reply to this message ]

IRG See IRG research reports