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andy20020

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andy20020

Re: optimist post# 10997

Monday, 05/03/2004 9:20:40 AM

Monday, May 03, 2004 9:20:40 AM

Post# of 11156
optimist ... thanks ... I made two mistakes - assumed it was going to $3 and failed to have a stop in - both the result of emotion. The AH trading on Thursday should have been the key - something to remember for next time - AH does matter when things are at volume! One cyclical model suggests a touch of 12.5c (LOK) then reversal to about 17 before a further reversal to 11 odd then the big run up. We'll see.
Often such big reversals so quickly spell "impulse" and are the result of stops rather than true sentiment. The jury is out.

Regards


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