Would you buy or sell based on this chart? Part 2

Discussion in 'Stocks' started by FXforex, Jan 10, 2014.

  1. #21     Jan 13, 2014
  2. FXforex

    FXforex

    The stock was GOOG. I flipped - but did not distort - the chart vertically to make it even more difficult to guess the stock.

    [​IMG]
    [​IMG]
    GOOG 1 Year Chart


    Bry's reply was good.
    Edit Bry's reply to make up for the flipped chart:

    "No, I personally would not find a trade in that
    chart, but if a gun where held to my head, I would
    buy. No evidence up trend is over."



    And the post from feng456.
    Edit feng456's reply to make up for the flipped chart:

    "I would buy. Seems like it's trending up and like someone else said, there's no indication of a reversal or exhaustion."


    Any comments or questions? :)
     
    #22     Jan 13, 2014
  3. No offense, but what a stupid thing to do, flipping a chart, it's like vandalizing the little data that you provided.
     
    #23     Jan 13, 2014
  4. feng456

    feng456

    Yay I feel validated.

    Trading is a probability game though and nobody can predict the future. You win some and you lose some. I just got lucky on that particular one.
     
    #24     Jan 13, 2014
  5. toc

    toc

    Exactly! this guy is a moron!!

    what good is memorizing charts anyways? :mad:
     
    #25     Jan 14, 2014
  6. FXforex

    FXforex

    Flipping the chart was to hide the very distinctive GOOG chart pattern and to get a different perspective of the chart. I got the idea from a flipped map of the world.

    The chart was not distorted in anyway.
     
    #26     Jan 14, 2014
  7. FXforex

    FXforex

    Now lets get to the second part. You can use all the tools available to you to answer the following question:

    Would you buy or sell GOOG?
     
    #27     Jan 14, 2014
  8. Doobs789

    Doobs789

    I would buy short term, and be a seller of vol (pre-earnings).
     
    #28     Jan 14, 2014
  9. Yep, I was right f'n noobie.

    What a waste of time and bandwidth.
     
    #29     Jan 14, 2014
  10. nursebee

    nursebee

    I dont buy charts
     
    #30     Jan 14, 2014