GREY:WFEMF - Post by User
Comment by
Profit79on Dec 21, 2012 2:33pm
279 Views
Post# 20762324
RE: RE: RE: RE: RE: RE: RE: charts
RE: RE: RE: RE: RE: RE: RE: charts Ok guys, yes the "pattern" since september has been in an "uptrend", We dont need TA to tell us that. It kind of concurs with the news releases and anticipation of news. Want to turn TA on its head? I urge all of you to look at a 5 year chart on WOF and tell me what "patterns" you see. TA is an elegant method of trying to understand price movements, and when looked at in specific time periods, it can sure look attractive, but looking at WOF charts on a longer term basis doesnt reveal all that much. Which brings me to my point, if I would have strongly considered TA in evaluating this stock, I would of overlooked it and not invested a cent, because of its long term downtrend. But instead I invested $$$ because the TA isnt valid here. If any of you truly believed in TA, then you also would not have invested, or you are all contrarian investors, and like to invest opposite of the trend. Either way, best of luck to all of you, I truly enjoy discussion on this board, I just want to keep it honest.