Jean-Robert - If you had been watching your own INPATHIQUE charts, you would have known to sell on August 3.
Can the markets be predicted for an infinite distance into the future. Of course not. That is why you have your own INPATHIQUE charts and update them once and awhile. If you really are a buy and hold type, then you do not need INPATHIQUE Analysis. Personally, I prefer to buy when the expectation is up and sell when it is down rather that just hold for ever.
To be fair, INPATHIQUE warned that on CGI, because there had only been one long bull-run and they need three bear/bull combinations for accuracy, that there was an above average opportunity for error. Granted, if you have not learned INPATHIQUE Analysis, you do not appreciate why that is important.
It should be noted they have not retracted the projection (appears very unlikely to me that it can be achieved now) even with the stifled bear that CGI has followed like most stocks over the last couple of months, including IBM.
Being just one long major bull for this stock, it is extremely difficult to predict exactly where the bull ends, although it increasingly looks like the apex is year end. However, under the rules of INPATHIQUE Analysis, IF the stock's price can get above the Center-line of the Bull-set prior to then, the bull will continue for quite a while yet (late summer 1999). Don't hold your breath.
If I had to go away tomorrow and could not watch my INPATHIQUE charts, I would say to my broker, buy GIB.A on September 25 at market. Since I will be here however to monitor my charts, I will probably see something that will allow me to buy back in at a better price.
Greg |
