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Sun, November 11, 2012 - 05:34 pm
One thing I have learned in all my years of investing is that the long-term chart of any stock gives us clues as to whether the long-term, above-average growth phase cycle of a stock is over or not.
Granted, you cannot use technical analysis to make long-term predictions. But the charts can tell us what has happened in the past and what is happening today, but even today is relative, because the market is a discount mechanism, discounting what will happen in the future, not what is happening today. So today’s price does not portray what is going on today, but what might happen in 6 to 12 months from now.
http://seekingalpha.com/article/978231-how-to-play-apple-over-the-next-several-months
Γιώργος Καισάριος
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