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Re: salgovernale69 post# 11109

Monday, 04/14/2014 3:08:07 PM

Monday, April 14, 2014 3:08:07 PM

Post# of 48316
He saw what I see...the possibilities of where price could go if it falls lower, the possibility that price Could break down and go lower, and where these lower targets might be. He said watch out for the 70-60 area. That's what I see too.
He got laughed at ,just like I did.
Funny how folks can be so bullish, so hopeful about their investments, that they start to have blinders on.
What makes it perplexing to witness, is that this happens to intelligent people.... most all these folks here, very intelligent, but many wearing blinders.
Wen you take off the blinders, and that's something technical charting helps to do, you see where the target points are on the chart.
Technical things like , where is the "neckline" where is the 'left shoulder zone', the Fibonacci level the eliott waves, etc... different stuff that charting looks at. Those who ONLY look at fundamental analysis, ALWAYS get burned at times like this.

The other point here, I would NEVER say to sell shares at this time. I haven't sold any of my core holding, ,so no, the suggestion isnt to sell shares...its to look at the chart and see where the next place to buy more might be. It was here at 64 and maybe later, more at 60...(but I could be wrong, waiting for one more plunge)