Your words will always return to haunt you, especially if someone cuts and pastes them!!!
Here is Robbbbbbb from 3 weeks ago.
MAK
Nice uptrend line of lows since november low, and great minimum risk trades off the line each time. If it fails the line your stops protect you. Current trade suggests 13% risk so maybe buy on weakness, or move your stop under fridays low. I think if your stochastics turn up here you could easily reach the 33 again and the longer speed angle suggest 81, dont worry stranger things have happened. A break of the low would be all over though in my books Weekly Oversold/wait ( you need some daily strenght this week) Monthly Oversold/wait
From 1/3/09
Hello again, last week we had a little fun with a few charts and abender77 joined in with a couple as well. So last week we charted the following So i will list the entries, best result, and worst(stoppedout) NAB 1775 - 2.37% - -2.65% MAK 46 - 3.26 - -14.13 HFA 6.4 - 32.81 - 0 PDN 290 - 4.83 - -6.55 IPL 206 - 3.44 - -0.97 WOW 2760- 3.44 - -6.09 BHP 2920- 2.57 - -6.09 TLS 372 - 3.23 - -5.91 IDL 9.6 - 9.38 - 0"
MAK closed at 51 on Friday with a rebound of the low of 40. If you had bought on Robbbbbbs 40 support, you could be sitting on a 25% profit at the moment. Interestingly MAK kept closing around that 40 cent mark even though it day traded below it.
Cheers for your postings Robbbbbbb. Very insightful. (I thought I would be cheeky with the cut and paste!)
