Forum Archive Index - June 2004

[Phaedrus <Phaedrus@techemail.com>]

Blindly following brokers recommendations is a very risky business! (See chart 
below)

Hugh, I would be very interested in a good trading system that utilised nothing 
but "fundamental analysis and hard facts". The concept is very appealing. How 
well would such a system have done with CRS? Would it support holding/buying 
CRS at the moment? 
 It is interesting to note that Paterson Ord Minnett used fundamental analysis 
and hard facts to support their ill-advised and ill-timed CRS "BUY" 
recommendation. This recommendation came just after CRS price action had fallen 
below a trendline that had been unbroken for a year.

I have in the past done quite well trading CRS using technical analysis - 
stocks such as this tend to have well defined trends that give clear buy/sell 
signals with a wide range of suitable trend indicators. The chart shows 
trendline break buy/sell signals, highlights significant support/resistance 
levels, and shows DMI buy/sell signals. I do not hold CRS at the moment, having 
sold on 1/10/03 and not bought since.

                     Phaedrus.

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