thanks...but my "PSYCLE sm" traders do NOT let 95 % of all assumed 'fundamental' items into our brains ever....instead, I employ long-existing, repeating patterns of chart, industry group rotation, and human behavior, with just a smattering of fundamentals just in case, but only as confirming, and NOT a predictive factors....
I appreciate your fundamental knowledge with SKM, which has indeed, based, as predicted, in the 9. area, and risen towards 12. recently....but it must now break out above 12, then could pop towards next resistance, around 14-15 max. ? I try to get the quickest, easiest, lowest risk move, long, and buying as I do, accomplishes that pretty often, been doing this many years. but I ignore 95 % of everything everyone else tries to put into the process....things I have learned, rarely help predict future stock prices enuf to consider in the first place...I also teach what I practice...and we eliminate all emotion and most stress....no "stories" no "scenarios"
"Pohang Steel" is already up double from it's depressed low, and therefore does not present a "PSYCLE sm" buy "near it's low", but best wishesto you regardless...there are much better issues out there for us....I have also has some truly depressed "steels" in the last year, some already up a lot, and a few down for rare losses of such ilk....
can't win them all....take care, keep in touch, |
