Hi all,
Sometimes it's easy to forget that at the lows the majority of traders are convinced the market is going lower & it's time to get out Just as when the market peaks they are convinced it's going higher & it's time to buy.
When i see whats happening at the present i am happy to be a holder & keen to buy more as my situation allows.
I was hoping for more a positive reaction from the DFS but i guess it shows how a long term down trend is hard to change especially after a CR like we just had.
As i have said in previous posts i believe the 200 Day MA is still a resistance problem as short term traders are using it as a time to sell.
I'm sure we will break it soon & the trend will change. I still feel the end of Sept. will be interesting. Just my personal view based on my analysis. Time will tell if i'm right or wrong.
Regardless, the big picture doesn't change. Patience is key & we just have to hang in.
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