chart, page-33

Pete was talking of a technically 'toppy' market several weeks back and if I'm not mistaken he went to cash prior to the recent pull back, he was not the only chartist noticing the signs so when things started going south I stuck to my tight mental stops at 90c and followed him out, a week or two later I'm thinking Pete's a pretty cool guy. I re-entered at 50.5c and 60c and traded a few along the way, many other stocks were down hard and have had some good bounces so to have cash at the ready in a smashed market was great.

I am very grateful for the significant effort that goes in so freely by a few HC chartists who are often bagged and often misunderstood but seem to me to be largely unbiased in their work.

Definitely not for everyone but for those who want to look further put Pete, Barnsty, and Kate on your favourites along with a few others like dgoranssons and see if you can learn a few tricks.

Afterall 70% of trading on the DOW is technically based algorithmic by programmed robots buying and selling to the charts and so to, more than we realise, is the ASX.

Peak is a great stock with some strong trends so if we can combine both fundamental with technical entries and exits points we have some seriously increased potential.

Thanks Pete!