sporega (< 20)

My new life as a chartist

January 28, 2008 – Comments (1) | RELATED TICKERS: YSI

A few days ago I changed to being a chartist instead of look at the company.

I took a big hit before I changed all my picks over to charting trends. I had recently put my REIT’s into under perform. I know, I know, I should have done this sooner, but was not a chartist at the time. Anyway the REIT’s all turned up and I could not change them, because the picks were under 7 days time limit. Well I got the REIT’s turned around and changed some of the other stocks and have had two days of up. Today a 110 point gain. Maybe this chart stuff really works. I surly do understand the trends better.

 

Ok, look at stuff by sector now. REIT’s are up. The shipping stocks are also on an up trend after a big drop I think due recent gloomy forecasts. The energy stocks seem to be going sideways.

 

Looking at trends now in a stock I see several of my stocks going sideways, so I have ended those picks put on the watch list to see, which way they will go.

(LBC, USS, STBC, IP, KMP, CLP)

 

I have one stock (YSI) that looks like it is at a pick. When looking at the MFI of 75 so maybe over brought. Have not ended pick, but will watch like a hawk.

 

I have many stock that are under the 7 day pick time and have not cycled being worth reviewing, because I cannot end the pick and re-pick.

 I have my stocks on news alert to my email and thinking of factoring in good or bad news into my picking process. I guess I will need to keep a log of the news somewhere