No. of Recommendations: 0

BBY was in the news this morning on their pulling out of Europe and bounced. So I was just charting the stock to see if that move had been anticipated.

In fact, as is obvious from the chart, an investor should have been into it months ago and already out, sitting on the sidelines. But the value of charting BBY as I did is this. Even a "weekend warrior" using weekly bars could have made the right moves. So the underlying doesn't matter. But the template does, which isn't to say it's the right template, or the only template that could have been used.

But as you well know from your own work and blogging, discarding the nonsense preached by TMF and moving toward an evidenced-based (rather than faith-based) approach to investing is a good first step. And 'investing" is just a short-hand way of saying 'gambling', because 'investing', trading' and 'speculating' are all 'gambling', which is a point I refuse to argue with you about, which isn't to say there aren't smart ways, and dumb ways, to do all four and professionals who can make a good living from any of the four.

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