I will also post (once in a while) some educational information about technical analysis.
The charts I will be posting are my personal opinion about these stocks and to a great extend with out any fundemantal basis.. that being said.. i'm not responsible for any losses that might occur from an action you take. also I might not be taking a position in the stocks that I mention for to any reason.
Rules:
- Trade wisely, and take profits professionally.
- Never try to fish for bottoms... the hole is DEEP!!
- Technical analysis is based on volume and price.. not what your friend told you last night in the Dewaniya! "unless he's managing 200mil KWD fund in the KSE.. then he's a good source :P"
- For some damn reason febonacci almost works on everything in life
- Buy on rumors sell on the news "it's old but it works"
- Don't be greedy.
- Always check the numbers.
- Stay away from earning trades unless you know what you what the hell you are doing.
- Don't listen to CNBC.. they bullshit alot.. just take the news from them "oh and Erin Bernett is hot"
- Look for growth companies.. it makes breaking resistence much easier!
- I will list more when I remember them.
I will also be happy to analyze stock charts if requested to.. so just drop me an email at weld@ma6aba.com with a subject saying TA Junkie (i'll take a day or 2.. so don't come for a day-trading chart please)
