"The threat of pending doom and missing out constantly hangs over your head"
An external force that is detrimental to TA.
FOMO/emotion no good. The love for FA obscures one's judgement in analysis.
"Maybe the easiest way to do this is to buy in after the bottom has been reached rather than try and pick it"
Getting on after a confirmation of "bottom" is usually the safest way. But I guess it depends how certain person is about a particular chart.
Yeah best not to be obsessed about any chart. They all go up and down. One door closes another one opens, it's the nature of the beast.
"He who try to pick bottom get smelly fingers"
You pinched my Confucius saying Kylarocks lol
"No magic formula in getting any tops or bottoms right"
No figures either Strats lol.
Keep paying too high (on those dips) and you keep eroding that initial investment. It's not rocket science. Did you anticipate such a drop?
How smelly are your fingers Strats : )
Just bantering with you codger lol...
"Ok so 5.8 wont be any good, that's done and dusted lol"
Lolly pop call?
This current 5.6 sp is sitting on short term TL support right now methinks. (5.5 also ok for tomorrow's TL support IMO)
Hopefully a rebound, or consolidation around here rather than a breach.
Good luck guys/girls.
SMA Price at posting:
5.6¢ Sentiment: None Disclosure: Not Held
