Abet Chichi2

[xe2dy]

LT,

Looking at a 3 year weekly chart, that 'little guy' said buy me at support in Feb of this year. Looks like 35 ish. Now it is saying sell me at 55 and take your profits. I calculate that to be a 57% profit in 10 months. Can't even think of comparing that to a Bank of American savings account. This is the type of long position I am looking for.

Also looking at the chart above, one can see LOW at an angular trendline. That is support until broken to the downside. Meaning the price must close below the trendline. Shorting here is too risky for me. Sure you might make a couple of points before LOW begins to trend back up (if that's the case) but then you will either have to cover your short or lose paper profit. If you cover your short and the next few days LOW begins to move back down, you kick yourself for not staying short. I will not let myself go through those 'mental' games anymore. If you keep your short position and put a buy back stop loss at any price that gives you a loss then, you are a loser. And then again it's time for those 'mental' games.

LT, I think you need to look at the big picture first and then start looking closer for a buy opportunity at support.