Right now if you were following the pure TA view and waiting for...

Right now if you were following the pure TA view and waiting for a HL then you would have missed out on a 35% week as its too risky to buy into a rising market.

Thats a lot of profit to miss out on IMO.

But wait for the HL, on the HL the call will be that its going to hell and its too risky to buy.

You then need to see a turnaround before committing.

Just sayin that I would prefer to take the 35%.

And thats based on TA, many schools of thought on it however this TA view that its too risky to buy in over the last week seems a bit ludicrous to me.

Stopping the buying only benefits the short end of town and is a kind of self fulfilling prophecy isn't it?

Learnt enough to realise that its my cash on the trade and I'll do what I want, the rest is just entertainment here.

But hey - each to their own.