RE: TA
posted on
Mar 03, 2006 02:19AM
I think you guys can put TA aside for now. Basically, TA helps identify oversold and overbought levels. It also helps identify change in sentiment and reveal potential undercurrents that begin to move a stock before actual news. Twice yesterday I tried to use TA to trade a little and both times I missed the top by selling too early. The net effect was that I made less than I could have by simply holding. How can TA possibly work here when news is released in rapid succession and with absolute secrecy before hand. The fact that TA hasn`t predicted a single one of these moves amazes me. It says to me that the negotiators have maintained strict silence, as they should. It seems the most prudent strategy is to just hold until your sell points are reached. The hardest thing for me as a long termer is to just let this story unfold. For now, forget TA...