I'm far removed from the legend category Ras. Don't be pumping up my tires like that. Just briefly Median Line theory is based on one of Newton's laws: For every action there is an equal and opposite reaction. Or as Andrews who developed and refined the concept put it, "As above (the median line), so below." What still blows me away though are hits and reactions when price hits the warning lines above and below the fork. Best explanation of that I've read is to liken them to harmonics when dealing with frequencies.
I think I would do better trading highly liquid large caps as they tend to respect the rules better than penny stocks but that's half the fun IMO.
Still holding CTM but they are likely to be sold this week to free up funds for Dotz which I had to borrow money for. If they drop awesome drilling results this week, I'd be over the moon. Bed time now. Catch you all in your arvo.
- Forums
- ASX - Short Term Trading
- Short Term Trading Week Starting: 5th Sept
Short Term Trading Week Starting: 5th Sept, page-284
-
- There are more pages in this discussion • 297 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online