| |
|
Last Poster |
Posts |
Pages |
Last Post |
| |
|
|
|
|
|
|
| Author |
Message |
     hershy
Member
Username: hershy
Post Number: 1888
Registered: 10-2002
Rating: N/A
Votes: 0
|
| | Tuesday, January 23, 2007 - 07:00 pm: |  
|
Hello Colin,
I feel I must rebut one of the points you are making in the current diary.
You say:
I would say that a breakout above 4650 would be overbought.
I don't have a plan so nothing can go wrong !!!
http://members.optusnet.com.au/~hershy/
|
captain_chaza
Member
Username: captain_chaza
Post Number: 2351
Registered: 02-2003Rating: N/A
Votes: 0
|
| | Tuesday, January 23, 2007 - 07:25 pm: |
|
Ahoy SCO Hershy
Could you please support your argument with Charts
Otherwise it is just a lot of Palaver!
Salute and Gods'Speed
"While we stop and think, we often miss our opportunity." Publilius Syrus, 1st century B.C.
"I believe the future is only the past again, entered through another gate."
Sir Arthur Wing Pinero 1893
"There are two times in a man's life when he should not speculate: When he can't afford it, and when he can." Mark Twain, 1897
|
hershy
Member
Username: hershy
Post Number: 1889
Registered: 10-2002
Rating: N/A
Votes: 0
|
| | Tuesday, January 23, 2007 - 07:31 pm: |
|
Der................
Pretty long axis to reach all the way to 4650 don't you think ?
$650 no worries but 4650 ?
I don't have a plan so nothing can go wrong !!!
http://members.optusnet.com.au/~hershy/
|
colin_twiggs
Member
Username: colin_twiggs
Post Number: 2766
Registered: 09-2002Rating: N/A
Votes: 0
|
| | Wednesday, January 24, 2007 - 10:35 am: |
|
Hershy,
Thanks for pointing out the typo.
Regards,
Colin
|
fibonacci
Member
Username: fibonacci
Post Number: 190
Registered: 10-2003
Rating: N/A
Votes: 0
|
| | Saturday, June 02, 2007 - 08:20 pm: |
|
Colin,
Please explain....Re XAO from tonight's diary.
"Normally a continuation signal, the current rectangle has roughly an even chance of breaking out in either direction."
i.e. Why doesn't this pattern continue to suggest continuation as a favoured option?
John
You've got to
know when to hold 'em
know when to fold 'em.
|
colin_twiggs
Member
Username: colin_twiggs
Post Number: 2904
Registered: 09-2002Rating: N/A
Votes: 0
|
| | Monday, June 04, 2007 - 10:45 am: |
|
John,
"Having reached its target of 6350 (6000+[6000-5650]), the All Ordinaries consolidated in a narrow band for several weeks. Normally a continuation signal, the current rectangle has roughly an even chance of breaking out in either direction. Twiggs Money Flow (21-day) displays a large bearish divergence, warning of significant profit-taking, with stocks changing from strong hands to weak hands."
When evaluating patterns, we should always consider:
1. support and/or resistance;
2. activity levels (volume); and
3. targets (the position in the trend channel or stage in the current cycle).
For example, I would be a lot more wary of a double top in stage 3 of the primary cycle, compared to in stage 1 or 2.
Regards,
Colin
|
maxima
Member
Username: maxima
Post Number: 23
Registered: 11-2002Rating: 
Votes: 1
|
| | Saturday, March 15, 2008 - 05:57 pm: |
|
I would just like to publicly acknowledge the fabulous help that the trading diary has been for me over the past few months. And no, I don't rely on the diary (or anyone else's tips/opinion) to make my decisions as I have my own system but it is a discretionary system and the usual human emotions arise and cause problems.
The benefit has been that the diary has tended to confirm my own analysis and given me the extra confidence to implement trades very profitably in this difficult time.
Colin was warning of this bear market well before other commentators that I know and making very helpful suggestions as well as providing very useful analysis....and his gold analysis and forecasts has been uncanny. (to wit, last night and us$1,000)
I will shortly be flying off to China and Europe for about 3 months of holidays (using recent profits) and it seemed appropriate that thanks and credit be given to COLIN for his significant contribution to this happy outcome.
I have been a premium member for some time and intend to continue indefinitely for a whole host of reasons including a method of saying thanks and giving something back to someone who has been very financially rewarding for me.
Cheers, Max.
|
colin_twiggs
Member
Username: colin_twiggs
Post Number: 3133
Registered: 09-2002Rating: N/A
Votes: 0
|
| | Monday, March 17, 2008 - 11:52 am: |
|
Thank you Max,
Enjoy the trip and send us a postcard.
Regards,
Colin
|
|
Threads by Last Post Time: First
Previous
15
16
17
18
19
20
21
22
23
24
Next
Last
|
