COK cockatoo coal limited

there is a tide in the affairs of men which, when taken at the...

  1. 1,854 Posts.
    there is a tide in the affairs of men which, when taken at the flood ...

    if you don't care for bards, pictures may work

    the first was an alert

    the second chart was today

    i went long today

    my reasons are purely technical

    however, i also read everything about a coy before entering

    cockatoo coal may get to .10

    so my entry today wasn't too large

    there is no confirmation of the long trade yet

    which leads us to the perennial question

    do you wait for confirmation and take on more risk

    or do you get in early with bottom signals

    these are bottom signals

    they are not yet confirmed

    iron ore is so down it is crazy

    it may go further down

    as it does, coking coal may suffer further falls

    but if everyone is talking about how bad something is, that is a pretty sure sign of a near term turn

    good luck

    Photobucket

    Photobucket



 
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