Sunday, February 13, 2011

The power of Technical Analysis

Just writing a short follow up on my Think Probabilities post back in Jan 22, 2011.

The general market have rallied nearly 4% since my market pull back call on Jan 22, 2011. 

I was dead wrong about a short term pullback of the market. However, the rally did not have any effect on my short picks. As I stated on my before, these stocks weren't part of the market rally to begin with. In fact, five out of six have gone down substantially since my short call. The only position that did not pan out was $NG. 







If you are still not convinced that technical analysis works after reading this post. I have other suggestions for you.

1) Unfollow me
2) Send me a message on twitter @tradermarket247 So that I can block you.
3) Stick with your day-time job.

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