Knock Your Sox Off : Redux
This Chart is A LESSON IN Basic Chartology in a Nutshell.
And a story in Conviction or lack thereof.
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1999 thru 2000 …Mega Parabolic Rise….Were you there ?
When did you sell ?
The Top in March 2000 ? Or maybe during that wild period of indecision for the rest of that year
or maybe in 2001…too late…
Or maybe you just held until today and sold …second chance 17 years later …:)
Seriously …this says it all
Parabolic Rise…then huge crash …followed by a very long shakeout…
Then after everyone has given up….and the BIG Base has completed…BIG BASE = BIG MOVE
Breakout !
But not right away…look at the backtest period…3 spikes down to precicesly test the breakout…then Boom…never looks back….everybody caught off guard…Must chase the price to get on board. reverse Symmetry at its best. The mother of all Thin Zones !
Its all there….perfect example of Principles as taught at Rambus Chartology.
Probably a tad too late to jump on now as we approach the 2000 price again in a parabolic move.
What a chart eh ?
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Now look at this post from March this year.
https://goldtadise.com/?p=398059
Ha ! The reason I am posting this SOX Update :
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I just got an email from the same guy and he is Still IN SOXL and has been since I originally posted this Mid August 2016….10 months ago !
Snip “Semiconductors have just broken out to the “Thin” Zone
They should FLY now ”
https://goldtadise.com/?p=378953
So how is our Ex Poker Player Doing in this trade I recommended ?
stand by for chart
How did I doin this trade ?
I never took it.
You are welcome
sheesh
PS..I asked him to let me know when he sells.
Should be interesting…to say the least.
Wow. Great chartology. Timing is everything as they say.
Nice call there Fully.