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13-03-2017, 10:08 PM
#4191
At the intersection of possibilty and certainity
Originally Posted by Baa_Baa
Last week indicated a short term top in the SP, or the start of a down trend, today's price action followed through on that. Where to from here, who knows. Indictors are still crossing up and positive, it's just the SP which is suggesting otherwise.
It is one of:
Brownian Motion;
A Random Walk;
Chaos Theory (including Fractals);
or
Something Else.
Best Wishes
Paper Tiger
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13-03-2017, 11:52 PM
#4192
The Finite Improbability Generator.
Originally Posted by Paper Tiger
.... Brownian Motion...
Also known as a nice hot cup of tea.. at least when the logic circuits of a Bambleweeny 57 Submeson Brain are connected to an atomic vector plotter while suspended in it.
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14-03-2017, 12:18 PM
#4193
Originally Posted by Baa_Baa
Last week indicated a short term top in the SP, or the start of a down trend, today's price action followed through on that. Where to from here, who knows. Indicators are still crossing up and positive, it's just the SP which is suggesting otherwise.
Hmmmm..after your post Baa_Baa + a bit of PT banter I had a closer look at SUM...Yeah there is a bit of TA foul air there.. TA Investing-wise there is a good argument to say that nothing much is lost by taking a wait and see action rather than jumping in at a free lunch opportunity..However the share price has corrected itself so Roger's opportunity has paid off in the short term..good on ya mate.
The hint of TA foul air could just be a breather after a quick (2 month) 20% rally
The 7c rise today doesn't remove that foul air...Has to get above ~$5.40
SUM has been a terrific long term hold stock (great Superannuation type Stock) and a must have stock in anyone's Portfolio (continuous up-trending stock)
SUM has had 2 secondary down trends (both lasting 4 months) within the current (since IPO) primary uptrend..the first down trend quickly rallied 25% then took a breather for 4 months..
Will this previous down trend result the same way?..we have just witnessed the 20% quick rally.. Are we witnessing the start of the breather stage??? The hint of TA foul air suggests maybe so.....We don't know how long or form the breather will take..We only have one historical experience to work from the previous event.. that breather began with a 7% throwback (back to ~$3.25) followed by 4 months of resistance hugging plateau at ~$3.50..
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14-03-2017, 03:15 PM
#4194
Would be quite happy if some 'technical' sell signal was triggered and forced everyone that follows that sort of thing to get out at once.
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14-03-2017, 05:12 PM
#4195
Got a free lesson today in not counting your chickens until they hatch...suppose it could have been worse and speaking of chickens bought Tegal shares instead
Anyway as Hoop quite rightly says, this is a terrific long term hold stock and that's exactly the reason I topped up so short term price aberrations (random walk theory) don't phase me too much.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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14-03-2017, 05:39 PM
#4196
[QUOTE=Roger;659051]Got a free lesson today in not counting your chickens until they hatch...suppose it could have been worse and speaking of chickens bought Tegal shares instead
Expect a "please explain notice" from KW.
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14-03-2017, 05:40 PM
#4197
Originally Posted by Roger
Got a free lesson today in not counting your chickens until they hatch...suppose it could have been worse and speaking of chickens bought Tegal shares instead
You bought TGL today ......you losing your senses or something mate!!!!
”When investors are euphoric, they are incapable of recognising euphoria itself “
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14-03-2017, 05:42 PM
#4198
Originally Posted by percy
Originally Posted by Roger
Got a free lesson today in not counting your chickens until they hatch...suppose it could have been worse and speaking of chickens bought Tegal shares instead
Expect a "please explain notice" from KW.
He's gone nuts eh percy
Last edited by winner69; 14-03-2017 at 05:46 PM.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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14-03-2017, 05:44 PM
#4199
Originally Posted by JeremyALD
I just missed out Roger as noticed shortly after 5 so kudos to you!!
If you had your order in, you probably would have got it today... today's finish wasn't any higher than yesterdays 'absolute bargain last few minutes'... hmm
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14-03-2017, 05:46 PM
#4200
[QUOTE=winner69;659055]
Originally Posted by percy
He's gone nuts eh percy
No surprises there.!!
Too much rain has wetted the brain.......lol.
ps.TGH.
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