The truth is ...
Low can be lower.
Oversold can remain oversold long enough that we are already broke!
I have paid for this expensive lesson in 2008 to believe in the reliability of Oversold indicator. The real low did come 4 months later in Mar 2009 after I gave up in 1 Nov 2008; by then I was almost broke!
Blame??? Pocket not deep enough???
Same as the failure of Long Term Capital. Pocket not deep enough??? Who has???
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CW8888,
ReplyDeleteNo wonder your charts are simple to read and understand ;)
I've gone through my own process of capitulation in 2003 during SARS.
We started out by learning as many kung fu as possible.
Funny thing about survivors, we begin to unlearn and forget those kung fu we have learnt!?
LOL!
Ah..... This reminds me a book i had read which declared that in investing in the stocks market the best three things to have from the beginning are Deep Pockets, LUCK (God's Blessings for believers)and Longevity. So go slow man, you need to live very long too after even if you are blessed with the other two.
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