Tradefair & Financials
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James Caan said in the Sunday Tele.
Yes I'm very comfortable in the equities market. I buy names like Tesco M&S etc. Quality stocks bounce between Hi and Lo 4 or 5 times a year. I look at a graph and establish a range somewhere between those points with a 40% variation. I buy when it goes low and sell when it goes hi within the range.
Checking on a year price M&S chart I cannot see much of an advantage but may be I've got something wrong.
An actual example would be great if anyone could help.
Can send a copy of the full article.
Kentish Man
Yes I'm very comfortable in the equities market. I buy names like Tesco M&S etc. Quality stocks bounce between Hi and Lo 4 or 5 times a year. I look at a graph and establish a range somewhere between those points with a 40% variation. I buy when it goes low and sell when it goes hi within the range.
Checking on a year price M&S chart I cannot see much of an advantage but may be I've got something wrong.
An actual example would be great if anyone could help.
Can send a copy of the full article.
Kentish Man
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All he is using is common support/resistance analysis.
If you take the M&S price for the last year, the rough support/resistance levels are as follows. From Oct 09-Jun 10 : 340p (support) 380p (resistance) Between Jun 10 and now: 330p (support) 360p (resistance) There are approx 4/5 of those high/low points in the past year. Not sure what the 40% he is going on about exactly refers to, but if you could probably return those amounts if you were buying and shorting at lows/highs. |
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oh that james caan
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Thanks very much Whippet.
I'm also in the dark about his 40% range. |