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March 03, 2008

Couple less fingers?

So your thinking of catch some falling knifes? Done it before worked well and now your armour is stronger than ever before? Fine just as long as you can with all honesty say that nothing has changed since it worked last time. If it hasn't then its the same trade. If it has then dip buying THIS TIME isn't the same trade that worked before and the chances of it working again are less. After five or more years of gains we have become programed to buy the dips. But we are not in the same environment of the previous five years. The game has changed as soon as we started to put in lower highs. It started in the Finacials and now its got hold of the XAO even with the strong Materials. Someone will pick the bottom for sure and they are going to feel great but thats not what this game is about. It making money when the time is right and not losing precious capital when the chances are staked against you. When we are making lower highs the chances are obviously stacked against you.

Xao_3rd_march_08

Xfl_3rd_march_08

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  • trembling hand trader At yahoo Dot com Dot au

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  • Disclaimer:
    I make mistakes. Do your own independent "due diligence" on any idea that I write about, because I could be wrong. Nothing written here, is an invitation to buy or sell any particular security all I am doing is handing out educated (PhD. school of hard knocks) guesses as to what I think the markets may do and my time frame is minutes to a couple of hours.
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