weekend charting 29-01-10, page-128

Very thorough gj thumbs up from me!

A question to all.....

A lot of the stocks mentioned here are under the longer term averages ie 150EMA and therefore are either sideways at best or in confirmed downtrends.

Assuming most of us a long traders rather than short, why are any of us interested in them?

eg DYL - why try to pick the bottom on that? You are now swimming against the tide trying to go long on a downtrending stock.

There are 3000 stocks on the ASX, surely we can find some that are still solid uptrends like GIR.

Don't get me wrong, I do it too! Just a thought...