xjo weekend zoomba lounge, page-143

Barnsty - I know, I know. Yes it could be the worst place to sell. Haspete would agree.

I put up his thread cranker sayin 'More upside than downside' so a big part of me believed that.

The contradition between me observing that and selling the lot was a reflection of how this sustained downtrend has been doing my nut in...a four month marathon of averaging down.

I found it difficult to concentrate on my 'True' income producing business, it's struggling as it is. If that goes, everything else does too.

Yours and Redbacka's pragmatism in the market is a personality trait I wish I had. My big failing is it is really hard for me to sell on an upswing as I start to get optimistic and think it'll go further. I do start to learn, but then the swings become less high and down we go again.

The danger for someone - like me - who has just sold is that it could trickle up like we did last July through October and we won't get confirmation of an uptrend 'til it's nearly over.

I would miss out on recuperating those big losses.

Not too many readers would sift through this thread more than me and the sell signals were becoming overwhelming.

The plan to 'get in a bit lower' sounds alright in theory but that's what I have been repeatedly doing for four months, so the plan now is to see a trend developing that doesn't look like giant bear flags all over the indices.

The Aussie dollar going down would be fan-flipping-tastic for our economy. We know that's why we have been flogging a dead horse with the XJO.

If it stays down and the world economy gets through the worst, the XJO will fly...and I will get my $140K back. ($155k with interest).

So to re-iterate - If we climb from here, the plan is to wait for some good uptrend indicators. If we go lower, to start easing into some bluechips at lower levels...

If we do go up from here. Then we all have a great indicator - I'm a good bottom picker - could be too because I average out the sentiment on the forum. Maximum gloom overcomes my fortitude and I sell.