Wednesday, April 13, 2005

KEEP IT SIMPLE

RIMM CHART WEEKLY

I had heard discussed about how to keep it simple when investing. And the yearly trendline came to the forefront. *(will this work everytime? of course not, because individual stocks could be volatile .....play with it)

When this 52 week chart turned up and you bought RIMM, how GOOD a buy would that have been?

At some point you take profits, but even now it has not broken that trend.

When the trendline starts to flatten, is when POTENTIAL TREND CHANGE IS IN THE WIND.

IMHO that is what is occuring to the Dow and NDX.

SPX is still clinging to 1170 support, I am watching that.

Duratek

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