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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (44714)	11/24/2021 2:51:11 PM
From: Sun Tzu	Read Replies (1) \| Respond to of 96759

Here's the 5yr chart of BABA: schrts.co Right now, the lowest point is 86.01. This will likely move up as we get close to the new year. By that time I am estimating the lowest point will be around 110 or something. If so, then that is when you buy it. If for some reason a month later it drops even more and goes to say 80, then 80 is the new lowest 5yr price and I will buy some more, averaging down. Barring some wild upswings, eventually it will move up from a low base. When that happens, and when both 21DEMA and 55DEMA point upwards, I will add to my long position. This goes on until I think I have enough or that it is time to take profits.

To: Jacob Snyder who wrote (44714)	11/24/2021 2:57:48 PM
From: Sun Tzu	Respond to of 96759

Your mistake here is a common one. What that chart is showing you is how things look like now. Not how they looked like back in January. MA is a lagging indicator. For it to have been uptrending in January, the price would have had to remained above the MA for a while. They certainly were not pointing up in January. They only began to point up in mid February. This is why trading looks so easy when looking at pages of books or websites. Hindsight is 20/20. PS You could argue that once that happened, ~Feb 1st was a good place to buy, provided you had put in good stop and profit targets. Keep in mind that back then, it was not bouncing off the 21DEMA like it seems now. Still, it would have looked more predictable than it did back in January. PPS You may want to spend some time staring at multiple timeframe live charts to see how the trends and signals change going from seconds, to minutes, to hours.