Hi AlwaysgAt the sale at 1.63 there were no roads signs saying...

Hi Alwaysg

At the sale at 1.63 there were no roads signs saying next stop is a low eventually at 0.35. Your looking at it after the event.

5 minutes after the event I realised I should have put $10,000 on Gold Trip at 21/1 I would have been $210,000 richer..

I am a chartist here is what I was looking at as it was happening.. Why I made my decision to partially sell at 1.63 using the charts.
Using upward A-wave from 0.38 to 2.34 the B-wave retracement 2.34 to 1.33 was 5 days later reached 1.33 that's a FIB 50% retrace. A large retracement but the A-wave was also large.

The C-wave possible upward extentions after the B-wave retrace were incredible FIB Ext23%=2.80 Ext38%=3.09. That's what the charts were saying could be possible it 2.34 was not the final high. Look crazy now but not at the time when it rose from 0.28 to 2.34. So the upward movement from 1.33 was important an had all sorts of possibilities.

Next switch to the FIB downward charts A-wave 2.34 to 1.33. B-wave was 1.33 to 1.89 which was just over a 50% bounce happening 4 days later. Then the SP turned downward for two days. That's when I thought that the B-wave bounce could be it be a dead cat bounce. See them many many times before.

I had been looking at the C-wave downward FIB extentions (a) 2.34-1,33 (b) 1.33- 1.89 bounce where was the (c) going down to 1.89 to ???
Downward FIB extentions were Ext23%=1.09 Ext38%=0,95 and Ext50%=0.83

That's when I thought that the B-wave bounce was a dead cat bounce and I partially sold at 1.63. I was thinking that the SP could easily get down to the 0.90-1.05 range. It did reaching 0.86 which was not that unexpected.

After that it started moving upwards reaching 1.35.

Going for a walk with friends soon, so I will end this post .

In hindsight using 2.34 as the peak after two crazy days the charts work better with 1.90 which was the top on several days if you excluse the two crazy days

I made my decisions based on the charts if the SP got to 2.80 or 3.09 I would not have missed out. The shares I have cost me nothing , rationalise out 4 underwater species , banked some cash and paid no CGT, they are worth 43 cents but what could the be worth in 5 years or 10 years? DYOR

Cheers Lies