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Author Message  captain_chaza Member Username: captain_chaza Post Number: 3816 Registered: 02-2003 Rating: N/A Votes: 0 Thursday, May 07, 2009 - 12:07 am:     What's not to like? 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: 2269 Registered: 10-2002 Rating: N/A Votes: 0 Sunday, May 10, 2009 - 08:49 am:     I agree 100%. It is a lovely chart. I have been watching it also. To be truthful, (and is there any other way) I have lost heaps of my capital in the meltdown and have been far too spineless to re-enter the market and see it running away from me. I can see lots and lots of enticing charts but do not have the intestinal fortitude to go to battle again. You might say I am shell shocked - post traumatic stress syndrome for sure. But I am observing and hopefully - learning; hence the questions I am asking of you today. Just below the last resistance level, there was a brief period of consolidation prior to the break out that brought Jabiru to the current levels. The range of this consolidation was as much as 25 odd % of the then value 7 cents @ 25 cents. If you count waves - and I do (badly !) you might think that we've just hit the top of wave 5 and corrections are upon us.These corrections which consist of three waves would be far greater than 25%. If you were to enter now, let's say one cent above the last high, where would you place your stop loss ? Or would you not enter here at all ? Would you trade this security or would you invest in it ? What do you do Charles ? Pls forgive the interrogation ! Thanks ! I do it doji style ! http://members.optusnet.com.au/~hershy/

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