VERY interesting day, I thought we were entering the bottom of the cup handle, refer to dacata’s graph, the bottom of the handle should be 5 to 10% less than the latest peak, ie. 0.07 – 0.007 = 0.063. So I set to start buying at 0.064, just in case.
I didn’t think, that were entering a Fibonacci Retracement of 50% as suggested by that dacata, as per Hotfire’s post I thought that a Fibonacci Retracement of 38.2%. was unlikely, as the SP would find support at 0.06.
I bought at 0.064, 0.063 and 0.062.
I set a couple of buys at 0.058 and 0.057 just in case, but unfortunately others thought they’d have a piece of the action, and its hard to trade via phone from the Parmilia/Hilton eating lunch and drinking piss! It didn’t happen, this time! All up a good day, happy to accumulate in the low sixes.
My hat off to dacata. Picked it like a beauty!
BDL Price at posting:
6.1¢ Sentiment: Hold Disclosure: Held
