Pierre,Never EVER AVERAGE DOWN, AVERAGE UP IS MUCH BETTER. why???
because you add more weight on your previous mistakes, SHOULD average UP because you add more weight as your are right. Is this make sense???
Yesterday, CWA penetrating that .20 with 400,000 volume, and retraced to that important breakout neckline at .16, actually it only retraced to .165 one tick [i.e. .005, above that .16; This one small tick to a technician is significant.] CWA showed a up-tick at the final trade, closed at .17 up-tick.
Today, CWA will move around that .16 and .20 range, but sooner rather latter, it will break that .20 and move up to that .25-.26, the very first measurement of objective [moj], where was the old breakout [down trend] neckline. It always as usual, the prices move up to new hi and will retrace to that old hi, the old resistance becomes new support, the old support becomes new resistance, and here you go it create a do-loop routine until a reversal patterns formated. CWA is just formatting important reversal pattern from that $27.00 to $.11 down trend, and now becomes up-trend. AND DO'NT FORGET THAT THIS .165 IS A GOLDEN OPPORTUNITY TO ENTER AND AVARAGE UP IF YOU HAVE BOUGHT A LOTS OF THAT .13, .14, .15 ETC....
Again, and again this is just my thoughts, not any methods, concepts,
ideas, of forecast in the stock markets is infallible, and USE AT YOUR OWN RISKS.
John |
