thanks...as briefly as I can here, my "PSYCLE sm" says that there are long-existing, repeating patterns, of chart, human, and media behaivors, which tend to operate INDEPENDENTLY and regardless of any real or perceived "fundamental" items....so much so, that just observing the ind. group or pattern or behavior alone, is way better as a future-price-predictive factor, than ANY "financial/corporate" item....of course, this upsets many unenlightened people, because people "wish" the factors I ignore, were of better use....hence, mass misdirection/deception by the financial press, people with agendas, and people in the finl. ind. thgemselves...you know this...
anyway, going back decades, I found some patterns with very high reliability, and share my output gratis as I can, hoping to help others, with occasional mistakes along the way, of course... specifically, long, depressed bases, or "potential exhaustion bottoms" with stops, and short, extended umbrella tops after parabolic rise, with stops...and nothing else....
one element of importance with depressed "techs", is that companies have decent cash balances and no debt, earnings still o.k., but nowhere near as important as people assume....and have to have been much higher before, trapping many people in, near the lows, so they don't sell, so the stock may not fall further, dig ?
the rest, is learning how to remove on'es inner beliefs, emotions, from the process....a toughie....but learnable/teachable...
I am always buying when others are bearish, and shorting, when others are bullish....that's how it is supposed to go, right ?
please view my post #1977 on ALSC thread, and # 3540 on SGI. thread, for some recent potential tex-selling bounce candidates....but, we never "chase" after up off the lows...we ONLY buy right near the lows, or not at all...
last, stops are important, diversification, no greed, no emotion, and, note, there are very few great bases here, just a bunch of exhaustion potential bottoms, so be careful here....till next time, enjoy, |
