Sorry, but I disagree. Yes, the price is low, BUT it will have to base and eventually break the dowen trend line. Even TW indicated the longer the base, the more solid the rise. There has been NO base. Does anybody remember American Motors, or Studebaker?
Find a chart of Chrysler dating from the late 1950's to 1962. YES, 40 years ago, you'll see what a base is as well as a phenomenal rise (a triple -300%) in 6 months. "history repeats"
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Rick (Login tedwarren) Forum Owner 209.240.222.132
Referring to...
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April 27 2002, 8:59 AM
Hello and welcome to this forum Gary. It's not well attended right now because I changed things a short time ago but I'm sure I can get more attendance soon--
Anyway your post doesn't refer to a specific stock. This forum is independent of the presentation forum so you have to tell us, here, what you're referring to.
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In one thread from the previous forum, you mentioned that some other Ted Warren followers had a different viewpoint than you regarding trading "style".
Because I hadn't read all the thread during the duration of that previous forum, I thought perhaps you could share some information on your prefered methodology.
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A lot of the visitors to my forum were knowledgable about a variety of technical trading methods and they would try to combine TW with these other methods.
My purpose in initiating the forum was to talk about TW methods only, since TW himself indicates that his insights are the only ones you need to trade successfully-- that the stock market is manipulated and that he has discovered the patterns that indicate that.
I took TW a step further in terms of simplification because I don't have a lot of time to play around. It appeared to me that TW stocks would typically at least double, and often more than double. To optimize profits, though, you'd have to follow the technical aspects of TW carefully. To simply double you money, you could theoretically get out once your stock has doubled and move on.
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