Tuesday, February 18, 2014 8:28:55 PM
My concern is to not get caught up in the fear/greed maelstrom and sell without foresight or perception. I must keep in mind my sermon, when this moves from .10 to .11 I am not making 10%, I am making more than 100%. So if I take profits, where am I going to put my money that will get that return? Furthermore, considering the predictions that this will rise above $1.00 I would try to hang on to all I have as long as I can.
In regards to a new chart, we have to build a database to get predictability in the intermediate to long term. But as I said the momentum indicators could give us somewhat good short term signals. But I am not ruling out such a dramatic move that no indicator will be right on until the initial impulse wave matures.
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