Hi Sultan. I sometimes watch GAC, and then other times, I just shove a pointy stick in my eye. Both hurt <vpg>
stockcharts.com[e,a]dallyimy[dc][pb20][vc60][iUd20!Ub14!Ll14!La12,26,9!Lp14,3,3!Lc20]
I sold on that sell signal about Nov 1st, and didn't re-buy on the buy signal.
I would feel worse, but BI, MGI, STE.A, and PIL have somewhat eased my pain. I'm not holding any of these today, so far.
Until this market (the Nasdaq at least) gives me a buy signal on the Weekly, I am being really cautious.
Even if I get the (Nasdaq Weekly) buy signal, tonight, I'll probably still stay cautious for another few weeks.
With so many stocks showing Stochastic signals, just like GAC's, running along in the overbought zone, it suggests to me that it can't be sustained.
I could be entirely wrong. I frequently am.
But, at least for now, I'm prepared to miss some of the early stages of a bull rally, if this is one.
The GAC Daily chart looks good, and the ADX may well run up above the 60 line. It happens. If it does, the current trend should continue, and I'll miss it.
How are you playing it?
Cush |
