to all: take this as a positive signal: your recent post is normally, a perfect "PSYCLE sm" "exhaustion V bottom" signal, PSYchologically, as I teach, and, as such, my newsletter added BMC last week, as another depr. tech "EVB" buy, with a close stop, for a decent bounce..
Remember, I also was among the very few, to have correctly timed BMC from Jan. lows, up, towards its 200 DMA thereafter, then out...calls traded from 16- to 21-, on S.I. threads....
your post has all the proper "fear-near-the-lows- words" in it, which normally accompany EVB's, historically, Mike, so you are sharp in recognizing the potential, technically/psychologically pattern-wise, from here....everything you said is normally heard right near EVB's... beautiful (with a close stop only)....those items were also said, the previous 2 times, since 1995, when the "depr. techs" bottomed S.T., as well, and we took advantage those other 2 times as well...my concept often goes opposite the masses, near extremes, which explains part of our success....best wishes, hope this helps y'all, |
