Gary, you did bring to the thread some contrary views, and seems Tuna is happy again. I mostly agree with Rubble by the time TA indicated to buy vvus it was wait to late (april bottom pre-split $30).
TA is heavily time consuming, even with good computers and good software.
It does look at this point that we are in the handle of a cup pattern and at some point a pivot point will developed.
Please provide, if GET can, clear entry points, not asking for infability now, but please supposed You will indeed buy (or short) at some point, and will not have more news till october, What a good entry point will be?
Example, you said something about breaking at $18, does that mean you will buy at $18? or lower? how low?
If it breaks up, will you buy at $28 ? $32 ? $40 ? If you are taking so much heat (and fun) here at least you should tell us your plan (even if it is in fantasymarket).
Please, do not get upset, most of the time in this thread people is having fun and my guess is you also did have some.
By the way, I believe mixing all this statistics with trading psychology is pretty limited. Most of effective trading psychology is much easier to deduct without heavy software. For example, you do not believe in average down (even of a company with great earnings break out as vvus)but believe in average up (that was what many of us did recently with vvus). To fine tune this type of concepts in computers versus in mine or Rubble's mind (remember Kasparov and deep blue, and this was an extremely limited field vs the market)is almost imposible. A good chunk of volume up or down will tell you everything and faster than all the software is trying to say.
Have fun is the vvus motto.
Respectfully,
cacaito (still a believer in vvus accumulation). |
