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Message: Re: TGIF Trading - CJR
3
Mar 13, 2009 05:45AM
2
Mar 13, 2009 06:35AM


CJR,

Apologies for the delay in responding. Just trying to do ten percent less...

Anyway, how about this for unloading the question - No tech is particularly better as an indicator with regards to KRY sp. :-P

For KRY, or actually any stock, all three need to be somewhat in sync (as far as their trends and turns) to reliably indicate a possible move. This is because techs basically show a pattern of the emotions associated with the stock. They just use differing sets of data and somewhat specialized calculations to display those emotions as a chart.

When the techs are not in sync, you might be able to compare it to someone who is emotionally unstable because you really don't know what they will do, or when they will do it. KRY techs are currently unstable. The techs never really bottomed to reliably show a good buy in point. At least not yet.

Today's best guess on the Dow being flat or possibly down was based not only on today's daily OBV downslope, but on the Fibonacci numbers. Plus, the chicken bonz and tea leaves pointed in that direction. Strong voodoo dem bonz and leaves.

I do not follow the techs religiously. Techs are a religious experience. ;-)







Mar 13, 2009 10:11AM
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