Guessing the Fed may have something to say...Look at all the coal stocks.
If the $ breaks they go up. And they are moving forward...WLT,ACI,and PCX.
Yes I am bottom feeding...Any thoughts?
Cheap money = low American dollar = higher everthing we buy and use
I hear you...However, we could be a this topic forever. I only put that link in for people who need something in writing to read in order for them to feel more comfortable.
I think you my have missed my point: which is that you need to use tech., fund., and guts to trade.
As for as fundamentals I have to say you are wrong saying their is only one true meaning. (Just heard one of the guys on "fast Money" say, "buy coal stocks".
If I wrong, why why are their prof. traders have different thoughts (long and short) on stocks. As a general rule you can't agrue "charts". You can only debate "Fundamentals".
Grammer, Cody, Fast Money and etc general trade on Fundamental and they are never on the same page. Bye the way, I hate Grammer.
I use both fundamentals and techicals in picking stocks. ATTY mocks me all the time, but in fact I do hold stocks for the long run. For instance, I have held Soda for 4-5 months with 500 to 3000 shares (currently own 1750), but once a stock bases out I do like to trade inside its channels. Techincals (Volume, SAR.,5,15,30,60,120 day avg., and etc.
And the there's just "guts" buying when everyone (including ATTY)says "sell".
Guess the Fed? Ha.I do think it's interesting that the rate and the forecast are, as I understand it(maybe wrong) being announced at different times.Maybe an incorrect conclusion, but that seems like easing MIGHT be more hawkish.But, who freakin knows YET?