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Petróleo Brasileiro S.A. - Petrobras Message Board

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  • jaquecroissant jaquecroissant Apr 23, 2011 1:48 PM Flag

    Is Tech the place to be?

    You are welcome Musk. I just use the tool because it does seem to mark some good buying ops. It isn't too "jumpy". I don't use fast stochastics. My approach is to not worry about the FED or any other macro issues too much. There will always be companies out there making money under all perceivable circumstances. Using the slow stochastic just gives me a buy signal without the emotions of the market getting in my way. I get my shopping list of names and wait. There are usually 1 to 3 times a year in which these slow stochastic buys occur. Just look at a long chart of the S&P.

    I don't even want to concern myself as to whether we are in a secular bear or the beginnings of a secular bull....I have know idea. I have some beliefs but they tend to cloud my thinking.

    Again, during bear markets, it will not work. This is just the nature of these technical tools, nothing is perfect. You will be paying a "relatively" low price anyway when using it. If you did your homework first and feel confident in your stock picks, then they should work out pretty well over time. Thats the best we can do anyway since we aren't soothsayers lol!


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