Ross, on a purely technical charting basis, I tend to agree with you. However, there are several other technical indicators triggering a buy, or that the correction is over. Stochastics(25,3,55 as parameters, my favorite parameters, and quite reliable in my experience), OBV continues to be bull, the 25 day ma continues to be higher than the 200 day ma, etc.,
That said, my main criteria for this position is the fundamental status and outlook, which are very powerful imo.
BTW, no need to apologize, keep posting!!
Good Trading. LF |
