GREY:SLKEF - Post by User
Comment by
millrighton Jan 31, 2008 12:02pm
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Post# 14296891
wailer .......your TA class [and other subjects]
wailer .......your TA class [and other subjects]wailer,
Since this is the ISM forum, I thought some might be interested in the ISM chart. I'll even add your brilliant pronouncement:
"
Higher highs and higher lows are a good thing when looking for longterm trendlines in a stock chart.
Lower highs and lower lows are not."
I might also mention that the 200 and 50 day MA lines are used to assess the related price movement trends. You might compare these lines on your LBE chart and this ISM chart.
I'd also mention that ISM was a bit of a slow starter in 2007, prior to the spring run-up when you became enthused and contributed to the exuberance. As a result it hasnt taken the beating that some of the more established NI companies have experienced. You will note that this phenonom will end when the companies are compared over the twelve month period commencing with the May Ni price euphoria - at that time you can fool yourself with two year charts.
Those who look at investment based on what they see in future potential for a company, will continue to ignore your meaningless babble - and look at reasonable and pertinent data to assist with their assessment. Had you followed this example, you may not have discarded the potential of ISM in the months leading up to the spring run-up - and you would have avoided the unfortunate mistake of buying at the high when the CEO was dumping.
Hope this helps.