Summing Up: Expected to be the last entry for the bigcyranose, at least for awhile...by the late Danny Silkglass, from long ago and far down the road
"I don't buy stories, I buy shares. Instead I follow the buy/sell money decisions painted on the charts. For all sellers there must be a buyer. Also, I follow Uncle Joe Granville's on- balance-volume, and the closing stock price oscillators, all seen in candlestick patterns.
Simple point and figure charts are also very good because they easily highlight price changes. Here again, I follow the trend since prices linger in the trend longer than they do in the change of the trend.
Finally, I manage my cash strategy to suit my personal risk reward goals in not more than five positions selected from blue chips in the Dow Jones, or those with favorable dividend histories.
If I Bought, then I am a Seller
Buy uptrends. Be wary of carefully selected growth stocks by someone else and absolutely avoid bottom fishing. Be a buyer, remember stocks should be bought by you, not sold to you."
No comments:
Post a Comment