to all: following-up my 1/12 timed GEMS buy post here, via my "PSYCLE sm"....hitting 14+ or so today, GEMS now up against it's 200 day moving avg. pot. S.T. resistance, as are many other recently depressed techs issues as I gave out near their recent lows....as you know, and I teach, this often represents at least S.T. resistance for many stocks off these chart patterns, going back decades....anyway, i have rec'd. lightening up in many techs which have had "nice but too much too soon" rises approaching resistance....we do no emotion, no greed, no "wishful hoping"....
but last time, GEMS rose from 10 -ish, to 21, so will stay long in it for now, but watching closely for more signs of a S.T. pullback coming....best wishes to all, just wanted to follow up as promised....this technical/chart pattern approach has worked very well for me....I am going to plan for an "overshoot" rally in GEMS to maybe 16, this time, up quickly from 10., and cross my fingers....hope this helps y'all.... |
