Gunny Walker

  Sometimes Blogger just bugs the crap out of me. Yesterday, I write this big long post about technical analysis and moving averages and then I find out that my images won't fit. When I shrink them down, they lose so much resolution that they become unreadable. So I guess I have to launch them in new windows. That's not exactly what I wanted, but I guess it'll have to do. Anyway, there's my post on moving averages. I can not stress enough the importance of using stops. I also just wanted to point out the chart for Southwest was a six month chart. With a purchase price of 17 dollars a share, a $2.50 profit figures out to be a 14 percent return. Actually, it's a little greater than that, but that's close enough for government work.
  The thing about technical analysis is that it works because people follow it. And people follow it because it works. It's a vicious cycle, that could easily lead to another stock market crash. That's why you must always use a stop. Always.