Kirk

Technical trading is not a crystal ball.You have many information on the net about technical trading and reading charts.However it's not a perfect issue but you can use it to buy or sell at a good point .

Also for long time holders using the moving average lines is not a bad sign like a golden cross as buying or a dead cross as selling point.The faster the fast moving line crosses up or down the slow the more accurate you must act.

If you can put asside the emotional feeling surrounding a certain stock you were in and also look to the technical chart IMO you can make a lot of money.IF you have sold at some point and as example for CLL a day later they announced a good deal you still can jump on it for a quick ride .You only loose the in and out cost which for US and Canadians is very low compared for us Europeans.

Stock behavior is most of he time related to many things like overall market feeling ,special stock related news of expecting news etc.

So what do you see most of the time.Close followers of the stock buy at some point and let the stock go up .When the news is fact the not so good informed investors jump also on the train which mostly is good for 2 to 3 days and then selling comes in place.

What kind of candles do we see then.First an engulfing long green candle followed by another green and then if rsi is in overbought conditions and a inverted hammer candle or an"evening star candle " on top appears then this is a sing that the trend will fall.Same for an end of downtrend.

So using candles patterns including rsi ,macd,stochact. etc. give some nice opportunities to buy or sell and that's how technical programs work.More upgrraded versions like fund managers are using have a lot more extra features on it like dividend ,earnings ,p/e etc extra.

The problem for me is the high in and out cost .So trading on US or Canadian stocks is more tricky.But I did it on many stocks in the Euro zone.I agree I did some mistakes but mostly because I did not my DD correctly on some stocks.It's not because a stock has fallen and therefor it's looking "cheap" it's a good buying signal.

So doing good dd on a stock + using technical tools can upgrade the amount of gains.

Now if we take the chart

Until now the reversal has not taken place but we have toughed twice the 4 mark which looks like a tweezer bottom.The 100 ma is also near and rsi is near oversold position.So bottom could be close.

Hope you can do something with this posting and succes .

Haven't the time to reread my text so guys "pardon me' for mistakes.