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Thursday, May 15, 2008

Pray Not

Pray not for a quick shortcut regarding spiritual introspect, because without excruciating effort, one becomes short-learning.

The same is true for investing and trading. There is no such thing as easy money.

Here are charts for DRYS to show you the importance of trend.

First has my favorite: 4ema crossing 21sma.

Seoond has 200sma cross.

Third has 4ema crossing 21sma and OBV

Hopefully, this will show you the technicals that work and doesn't really work.

Now you now why I tend to use MA and OBV because they tend to be better trend indicator.