tag:blogger.com,1999:blog-2335748440449035592.post1696749295374921581..comments2008-04-21T23:19:13.110-04:00TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2335748440449035592.post-86666721129620945912008-04-21T23:19:00.000-04:002008-04-21T23:19:00.000-04:00Mark,<BR/><BR/>Sorry for referring you with a different name.Thanks for the insight.praveenhttp://www.blogger.com/profile/13667970151880837018noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-7442556004532770762008-04-21T19:25:00.000-04:002008-04-21T19:25:00.000-04:00Mike, Mark<BR/>Mark, Mike<BR/><BR/>I am a very simplistic and not comprehensive technical person. There are thousands upon thousands of technical traders who can swim circles around me. I basically use moving averages and volume. It works for me, but I am sure there are many others who could improve on that methodology. My focus is on the fundamentals and simply not being stuck in a stock that has great fundamental situation for months on end while it trades below key moving averages. So yes, I like to buy breakouts since I want to churn my money as opposed to having it sit in dead stocks for months, quarters, weeks, etc. So when a stock looks ready to break out I move it off my watch list and into the fund OR from the bottom of the fund to the top. Sometimes I am wrong on my timing, and need to reverse.<BR/><BR/>Again, my technical skills pale in comparison to my fundamental work in my opinion. Even MACD I don't use - I just use it to impress readers ;) There are about 50 technical indicators as you well know - I'm a big believer in regressing value the more things you use. Simple is good. Many times one technical indicator completely counteracts another so it becomes less useful once you get past a certain point. But again, there are many experts in the field - I do not count myself as one.TraderMarkhttp://www.blogger.com/profile/06241756200482130281noreply@blogger.comtag:blogger.com,1999:blog-2335748440449035592.post-22558191815955859962008-04-21T18:40:00.000-04:002008-04-21T18:40:00.000-04:00Mike,<BR/>I have observed that you buy stocks that are in verge of breaking from a base or just broke out from a base. Is that your methodolgy to buy on technicals?<BR/><BR/>The charts you post have just moving averages, volume and MACD.<BR/><BR/>Don you also see other indicators? Which one, if so? <BR/><BR/>Thankspraveenhttp://www.blogger.com/profile/13667970151880837018noreply@blogger.com