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Old 08-12-2005, 03:18 PM
wildwood wildwood is offline
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Join Date: Apr 2005
Location: pin hunting on the back nine
Posts: 181
Default Re: If Technical Analysis works, why isn\'t there a mutual fund for it?

[ QUOTE ]
You recently told someone in another thread:
goog formed a head and shoulders on the daily and broke the neckline on the downside yesterday. Caution is warranted. The chart trend is down unless it it can close above 300 to negate the pattern.

[/ QUOTE ]

Someone asked for advice on google. I don't follow the fundamentals of that company, so I gave them some technical advice on the chart pattern. It looked to me like the trend is down with the stock making lower highs and lower lows. (which would be negated on a close over 300) I don't know for sure where the stock will go, but I stated my opinion that I wouldn't own it here.

I think you put me in a TA box because of that post.

[ QUOTE ]
Ignore the technical analysis crap.

[/ QUOTE ] If you continue to post comments like this, then I'm not likely to have much respect for anything you have to say.
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