buy when everyone wants to sell.., page-15

  1. 7,334 Posts.
    hi longdong,
    I see your point and in major moves like market tops and bottoms is a good forcasting tool(when advance decline line diverges from it's index) but not for an individual stock e.g,some stocks get heaps of bad press etc, and get delisted, others , most, don't, some of those go one for years in the doldrums, others fly again./
    how to pick a turning point??
    safest is not to tell the market/stock what should happen.listen, instead, to it tell us what is happening--easiest way is to see that is when the chart starts moving up.If i miss the bottom 5/10% of a uptend--not a problem as long as i get the major part of it, and at that time all the sighs will be much clearer.
    hope u aren't asleep...lol...i went on a bit!
    cheers



 
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