Disappointing, but still in the game.29 Feb 2024 12:32
It has been disappointing that the S.P. never got any support at the 35.72 mark. It just means that that the pullback from the top is going to retrace nearly all of it's rise from 27.54.
This is allowable only with the very first up move ( wave). I would suggest we are near the bottom ,though it's not now guaranteed a bounce at circa 33p.PROBABLE, but not guaranteed. I reckon by next Tuesday or thereabouts we could see a bounce at anywhere between 27.74 and 33p. It depends on what MA and others decide to do. They could sell it down ("spike" ?) to below 33p, thus getting weak holders to panic and sell, and then they buy into their weakness. Or they could just make a move to buy at circa 33p.
I see comments about reference to "a fun punt at 41p".Surely the fun punt if you want to call it that was at 33p!!!.Actually it's always been a "serious punt" at 33p. Ask M.A.!!!!!. I find it rediculous that some posters were saying to get on at circa 40p. TOO LATE!!!!!!.
As i have said 33p was a buy, BUT, those on at that price i said had no real reason to, NECCESARILY buy again at circa 40p or slightly less. Those that are very Bullish could consider buying again sub 33p.But much better would be to see if they can get on at 30.He who sits on his hands the longest before buying does well. Psycology plays a part, you only have to watch Roulette players to see how impatient they are to win, and when they do win they virtually put all that they have won all over the table on the next spin. Then invariably it lands on the number they haven't covered.
When making Financial decisions, emotion should be left at the door. Pre-set disciplines are always best, once you have analyzed the risks before you play, roulette or anything else to do with money