Posted by: eminitrader January 25, 2010
Stocks: Must watch videos
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FF,


Nice analysis and very well done. RPC certainly looks good. If people only learn how to draw trendlines properly, I think there is a chance to make really good money. Your trendlines are picture perfect.


I see some of the debates here about fundamentals and technicals. Price eventually moves towards the fundamental value but it is so hard to figure out the real value. Many stocks move because of human perception and psychology, so technicals are important too. The best bet in my opinion is to identify the long-term trend and buy pullbacks. If the market is above the 65 W MA, the trend is up and if the price is below it, the trend is down. 1080 should provide major support since we already broke 1100.


Let's get more discussions going and I will do my best to share what I know as long as this does not turn into another pissing contest.

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