thanks...as I teach, my "PSYCLE sm" is a special combination of long-existing, repeating patterns, of chart, media, and human behaviors, which have worked in the same way, long and short, for decades.... I can tell you much more about how and why this works so well, so often, elsewhere, if you wish....anyway, part of the process, is knowing that, counter to general assumptions, 95 % of all real or perceived "fundamentals" are of little or no directly applicable future price predictive value, with respect to predicting stock moves, and therefore, NOT worth "looking at", dig ? a real shock to the unenlightened...well, EX, as one of several similarly positioned, cyclical, cap. goods stocks (I use ind. grp. rotation, something I also excell with), exhibited the normal depressed base which I look for often....as such, and with "bad news" already out, discounted, became a decent shot (I do mostly L.T., in-the-money options) for a pop, as I said in my post....near 17. only, with a stop just below, to lower risk....that said, I have NO emotion, NO attachment to any position, I never listen to "stories", etc., saving lots of time others waste with such "PSY-chological things", if you catch my drift....if it breaks, I am out, and I move on....avg. hold period, 2-4 -months....check my exceptional, L.T., S.I . track record out, on my web site, if you wish to learn more, please let me know...
when/if over recent pop-high, EX can might get towards its 200 DMA, as I said, but I use NO "news"....hope this helps, and I can teach this to anyone interested, but it takes some time, and involves changing the way one thinks about trading, which, given how mediocre most people are at this, nationally, is a good thing, yes ? best wishes, till, next time, |
