Replies10 Aug 2022 20:01
Peoplepower,as regards moving averages,does it not happen that by the time you have confirmation,is it not by then a little bit too late to get on ?.Sure it may be a good maxim,but let's say it's better to get on at 50p rather than 70p ?.I'd prefer something that pinpoints the bottom earlier.But a useful tool none the less.
T4G,the thing is,is that we are not looking for a 3 wave movement,but a 5 wave up movement,and it's looking more like a 3 wave corrective movement seems to be forming.Which unfortunately means that the S.P. wil go lower than 51p.
It's not completely 100% positive that this will happen,it's just that it's a 60/40 chance that it will go lower than 51p.
Being as i am invested in Boohoo,leaves me in a quandry.Rules of T.A. state what SHOULD happen.i will go and look and read again to see if it actually says that what has happened lately on the chart, MUST not happen.A big difference !!!.
So the next week or so must be studied very carefully.What happens in that time period is VERY important.
I shall pour through my books and see what i can find.So until then,fingers (legs!!!)crossed.GLA.