I do look at charts. But give me one chart that looks good in this market.
Also, charts are good for hind sight. For example, I can point you to 5 different support levels for both Google and Apple that technicians can use between current levels and a 20% up or down from these levels. Bottom line - charts need to be used in conjuction with market psychology and fundamentals. You were quick to point the decline in Apple the day after I published the article. However, that had nothing to do with Apple. It had everything to do with the 500 point drop that took down every thing. Similarly the bounce back in Apple since is also attributable to the market bounce. How do your charts explain crashing through multiple support levels and breaking through multiple resistance levels all within 2 days? What happened to your trends? Use charts but I also advise the occasional common sense.
Who Loses From Google Checkout? Not eBay, but Amazon. [View article]
I agree with Eric - I don't shop Amazon for their checkout convenience. If that were the case, I would not be shopping at Overstock, Drugstore, eBay, Expedia, Smartbargains and others. I love their customer product reviews, free shipping over $25, customer service, product recommendations, cheap prices etc.
Why It's Time to Buy Google, Apple [View article]
Also, charts are good for hind sight. For example, I can point you to 5 different support levels for both Google and Apple that technicians can use between current levels and a 20% up or down from these levels. Bottom line - charts need to be used in conjuction with market psychology and fundamentals. You were quick to point the decline in Apple the day after I published the article. However, that had nothing to do with Apple. It had everything to do with the 500 point drop that took down every thing. Similarly the bounce back in Apple since is also attributable to the market bounce. How do your charts explain crashing through multiple support levels and breaking through multiple resistance levels all within 2 days? What happened to your trends? Use charts but I also advise the occasional common sense.
Analyst Upgrades Baidu; Google Threat Has Failed to Appear (BIDU) [View article]
eBay's Stock Drop: Is it G-Checkout or Hype Over Skype? (EBAY, GOOG) [View article]
Who Loses From Google Checkout? Not eBay, but Amazon. [View article]
-- Faisal Laljee