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Monday, January 12, 2009

Charting 101.4

I have said this many times, "Scared money don't win."
That is exactly what happened to me today with FAZ.
I have done my homework, stalk the stock, but did not execute.
Why is it that I am not afraid to buy a falling stock?
But I am afraid to buy a rising stock.
That is just ass backwards.

Do you see the noise in the above chart versus the one below?
Do you see what could be a double top? That's why I bought FAS.

Here is what the chart looked like at the EOD.
It's a lot easier to look at a completed picture, is it not?