Rid and laur13 Jun 2013 22:18
L - Charts are only good inbetween news as news changes the whole dynamic of it either good or bad and how good/bad news is!! There's no point trying to pick tops and bottoms as 99% of the time will fail, why TA is good for is like you say picking good entries when they go oversold and sometimes when to exit if techs are saying (but run the risk of good news as stocha can be over bought for weeks on good news)
I have lost too much money before and now base my judgement on my TA and If it fails then I have to look back at my analysis and work on that for next time or look back to see if my TA was right and news was bad!!
And yup riddler you've been mentioning it for a while! Shame noone listened and grabbed a nice entry!! Still time and obv if the big news comes out then well be heading for higher highs!!
:)
Let's hope tomorrow we smash it!