vcr chart etc for those interested., page-10

Hi all,

when a chartist says that a stock will hit a particular point it does not mean it will do it tomorrow.

My favourite trading truism is that "The stockmarket is an instrument designed to transfer wealth from the impatient to patient."

The victims of this anacronysm can most often be identified by those who clearly have fallen in love with a stock and then sieze on every piece of news they can to lift (their own) hopes in the face of a flagging share price.

acouch is not yet wrong and her timeframe is not yours.

The odds are vastly in my favour that VCR (on this occassion) will hit its retracement level before it forms a new high.

Either way, good luck to you.