Chart of Wachovia Bank. Wachovia breaks the Trendline. Negative CMF. RSi still not oversold.
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About Me
- Sam
- I have been actively trading for the past 3 years. After 2 years of struggling with stocks, I reached an inflection point in October 2006 and have been making good profits since then. I learnt that identifying trends early and focusing on the fundamentally best stocks in that trend is very important. Moreover just fundamentals are not good enough. You need to complement that with good Technical Analysis to pick great entry points and exits. They say a picture speaks a thousand words and I strongly believe in that. I use trendlines, Fibonacci and Elliott Wave theories as part of my TA tool sets. Last but not the least, one needs to keep accurate trading records and have a sound money management system to succeed.
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This is not trading or investment advice. All opinions and posts in this blog are intended for educational purposes only and none of us are liable for any potential damages that may be incurred from this information.
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