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Re: TheMonolith post# 78018

Wednesday, 11/12/2014 3:28:21 PM

Wednesday, November 12, 2014 3:28:21 PM

Post# of 405212
Interesting comments monolith...

in some ways my passion to study does make me want 'perfection' perfect understanding or at least striving for best understanding, developing best skills that I can in anything.... but Ive also learned that the way using technical charting works best for me is actually not to pinpoint a precise target point, but rather find a 'zone' . I always describe a zone, where price might target. a Fibonacci retracement area is a zone,by example. 38%/50%/62%
etc..
As for my own positions , where I have entered , bought some or sold some....most ly I have been a buy and holder , since 18 cents . I sold some around some 'top zones' including a little at 3.25 area in late october.
I have been waiting for the pullback into that 2.80-2.20 zone...and it went only to 2.80
I did not buy the 2.82.... Sometimes I make that mistake. Other times,I do buy the first pullback zone and regret it when price falls lower. Its always a guessing game.
I knew 2.80 was in the zone but I was 'thinking' it could fall to 2.40.
I guessed wrong so far on that one.

Right now, the 3 dollar zone is a critical balance point in my view.

As a rule, I hardly ever buy the top side breakout, and I wont be buying 3.50 either.

I own enough shares to be happy with. I was willing to buy more at 2.50/2.40 area. I might be willing to buy at 3.00-2.80/2.90 now if it falls there. not sure.
I might just wait until after the Next Giant Market Crash, that looks like it Will Happen ...what will CTIX share price be if we get a Market Crash. Its an important thought to consider these days in my view.
IF the market crashes, CTIX will be one of the first stocks I buy all over again.

My last purchase of shares was at 1.70

I appreciate your comments. good investing to you.



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