Barnstay - we are only at the 2nd warning so far, still waiting for the final confirmed buy signal.
Just to give you an illustration of how powerful the 'Squirm' indicator is. The last time it triggered a buy signal was May 21st 2010. At that time, I was fully loaded with 5000 fully paid RIO & 600,000 SDL.
Both painstakingly accumulated over six months of careful buying.
The two 'prepare for a buy' signals came and went (the squirm in the seat and the squirm in the seat with flatulance). Then finally, when the mining tax idea was floated by Rudd, down we went and the confirmed buy signal went off - and I capitulated - all over my chair.
I sold ALL RIO at $59 and all SDL at 11.5c. Looking at their prices now fills me with heartbreak and despair.
Why did I sell instead of buy? Guts - not enough of them. This time I am ready - with paper towels at hand.
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