Enough of the personal attacks.. lets get back to talking about this market. I posed a few questions that are market and strategy related and you chose to dodge them.
The reason why I am not addressing any market related issues or issues concerning technical analysis with you is because you have already stated that you do not use CHARTS. Thus, my methodology on how I view the market is totally useless to you. So why should I take time out of my day to address issues that you do not care to understand. For most people on ET, technical analysis and charting are key elements of one's trading methodology. I'm sorry that you feel otherwise.
Actually I use charts to show me where the market has been and were key support and resistance lies. As far as patterns go.. I dont use them. Are you still bullish on NSM? How would one play the trade assuming they went long? --MIKE
I merely mentioned NSM along with HOV to Mecro because I am aware that his style is daytrading NYSE stocks. They are great at 2-way intra-day trading and do some good volume. It has nothing to do with position trading.
Hey Grand Master, Why not start yourself a JOURNAL. That way, you don't have to share your trading "methodology" with anyone . . . You simply state your baseless opinions, supported by nothing other than a bunch of hot air, and that way you can still see your name in bold bright lights on ET!
I have NSM on my watch list to go long because it is amongst the top in that sector in relative strength. Overall in top 20% relative strength for stocks above 40. Consolidating for four months at top of its one year range. Am I missing something.
Huh? You blowing the whistle on me? How do you know I have a "trading methodology"? Are you a psychic and policeman for ET? Your quote is so stupid it's laughable. Where are my baseless opinions? Where are my opinions? And where is my name in bright lights? All I see is you with 1000's of posts. You are a hypocrite.