Tuesday, October 03, 2017 11:15:40 AM
Charts are means to gain the edge only, beat the odds, get ahead of the game, find entry and exit points, where to set up stop losses...
At the end of the day a chart is going to do what a chart does... And there is nothing that dictates what that is except traders...
TA is VERY powerful... And I would not worry about our TA right now... Though there is a slight hiccup here, I think it is actually a good thing...
Think of it like this... How valuable was AMFE before? Is it now still that valuable? You can get it at a discount, and if you can get it there, so can everyone else... Eventually once the bottom is reached and everyone sees the chart stabilize, they'll buy back in if AMFE has that value (and it does)... We'll see a cool off period where people are just watching, waiting for the bottom, confirmation.... Then they'll rush in to buy discounts and ride the wave back up, the lower they get in, the greater the discount and profit...
Also, think of all those who exited in panic or by stop loss with out intending to get out... All of those people are going to want to get back in once they feel this is going back up, and for many of them, they might have exited at say $0.16 and can now get back in at $0.15... Such a deal...
All you need to know is, AMFE did not change.... This what is going on right now, completely temporary...
It'll eventually bounce or climb again... Probably by day's end!!!
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