why the sell down, page-15

What you are seeing is the difference between price, cost and value.

value has not gone down at all!!

price has gone down because motivation to buy higher has disappeared as traders seek other opportunities elsewhere (and reducing debt position - remember not everyone is playing with their own money!!). So the wave momentum reverses. But this is what will fuel the next wave when it comes. So take heart - the next run will chase the value again on Friday and next week.

Retraces are like the starters block in the 100m dash :o)

For me, as a trader, I've locked away long term free carried to get the CGT discount (nb: got to have separate accounts to do this safely when trading).

Watch the momentum, don't be shy - trade hard when the time is right and always take profits (or losses) as necessary when the worm turns!!

The chart tells me there is ~2 week cyclical movement, so accumulation should be happening right now ready for next week.

oh and cost will be lost opportunity if you miss the re-entry.

cheers
neo