Hey gang, I could use some help here.
I too have been holding out for a correction as most of the stuff i have been tracking is overpriced. It looks like it might be time to start looking at getting in while the prices are more reasonable. My question is this: The three tools, I have been having trouble nailing them down. What I mean is, if you look at a stock like Google today (stay with me I know that is a "risky biz" stock I an just using it as an example) the three tools were up and down all day - that is they said buy one part of the day and sell another part of the day.
Am I looking at the wrong charts? I use Yahoo finance and MSN. If you spread the chart out to 5 days or a month it helps, but to see todays results in that time spread you need a magnifying glass. At the end of today all three tools seemed to say buy. But with the market as it is, I am hesitant to make a move until I see more of a trend up.
Anyway, you get the idea. How do you guys use these tools to jump in?
Thanks!
