thanks, but, please, this is a PUTS teaching thread....
my "PSYCLE sm" as you notice, is a general concept, not a ssuper-specific one, so I employ NO percentage rules of any kind, but more, general-but-real patterns instead....the important things to know, as taught in early Lessons, are, the general appearance of the pattern, the media/sentiment, the length of time in the pattern, volume at each of the bottoms in the "W" forming, your personal, portfolio risk mgmt. tenets, and the ind. group confirmation, if any, at that time, right ?
so, sorry, but, I CAN tell you, that, historically, the FARTHER apart two bottom are, the BETTER the pattern has tended to be....and the higher/longer the future price rise when/if correct....but even this, is not carved in stone....recent S.T. DB"s on some depr. techs I gave out as pot. loings, was/is only for a pot. S.T. rise, not home runs.
keeping your stops, diversifying properly, etc. will help more....
best wishes, |
