chart for the new year, page-8

The chart is the chart and the news is in the price there can be no argument between F/A & T/A.

I use fundamentals to decide which stocks to buy and T/A to decide when to buy and when to sell them.

All holders of PLV who used T/A would have minimised their losses by selling out on the death cross on the M/A,s they certainly wouldn't have got out at the top but the chart would have saved a substantial amount of their losses.

I personally know several holders who averaged down after the big fall ( trying to catch the falling knife ) and continued to so all the way to the bottom .Waiting for the chart to confirm the bottom was in a looking for a golden cross on the m/a,s is what we strive to do when looking at a chart for a safe entry level.


That's what the chart at the start of the this thread was all about. For what it's worth I also think PLV is undervalued on a fundamental basis.

Cheers Hoot