Rim
Many thanks - will review an book mark this diligently. Studying your monthly AAPL chart - in retrospect it was so easy to identify market bottoms, intermediate bottoms and tops as well -
Keen review of teh monthly chart for AAPL exhibited few integrating insights
0. Any price cross up or down of monthly 3 and 5 is 15-20 months buy or up in AAPL case and 9 months down
1. %BB bottoms are good tradable bottoms - tops provide a negative divergence
2. RSI 9 provides a good top when it comes below 70 and below ema 89.
3. 5,20,1 MACD cross up above 0 is buy and hold and print top could be a good top although not always true like now - it is trying yo make a higher high
4. Stoch 15,3,6 below 80 will signal a top as well
While AAPL can run up to R3 for the month at 215 - there is no risk to reward. I played 10 shares and got out.
Biggest thing in teh market is conviction - it comes only from getting hands dirty - trading -
By investing in education I want to be a better trader investor during all good bottoms but also next major bear bottom whenever it comes.
Insanity is doing same thing again and again and expecting different results - Einstein.
I had to change and try proven techniques and strategies even if it meant small, yet consistent gains.
Have to build up my self esteem - and eliminate fear of failure - take intelligent risks.
Have a good ride this am - must be beautiful - we have a nice bright day here as well in Ponce Inlet.