Tim - did you see the up turn on the AIR chart yesterday - the signal there was to be a positive announcement today - predictive these charts eh
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Tim - did you see the up turn on the AIR chart yesterday - the signal there was to be a positive announcement today - predictive these charts eh
Tim-Im no chartists as I havent put in the hard yards like some,but from where Im sitting a rather crude and simple explanation is that charts measure (not perfectly)crowd mentality(market sentiment) Everyone has a reason why they decide to take the plunge on shares and quite often is follows a pattern that correlates with the group--psychology is not an easy thing to understand -why the majority of people do what they do (which often defies logic) Charts help people to understand that sort of behavior-but as we all know human behavior can do unexpected things so charts are not foolproof--its going with the odds (usually better odds than gut feelings or what our brain sometimes tells us)--Having said that ,from my experience those in the know use both FA an TA--Often FA to identify a share and TA for entering and exiting---I reckon ,in business school there should be a course on the psychology behind market sentiment and charts
so students learn what is actually behind those squiggly lines-(Im not sure that most put enough value on the psychology's role in business)-I wish I understood it all better--next best thing is knowing who to listen to.
Those who know more may want to add or correct what Im trying to get across.
Hoop - Mate you don't need to defend your record on here. It speaks for itself and others obviously agree with the amount of rep they've given you.
That is a hard one--must be bums on seats -(Oz is where the numbers are) but its still a hard one to wrap your head around(and not be a bit p---ed off)
Gotta say ,Im a bit surprised its Viet Nam (maybe Thailand is a bit ''no go''since Thai is a partner). SE Asia is pretty stiff competition but bring it on--more the better---Hopefully there will be some good specials.
It may be a bit of that, but i think that human nature is such that we naturally want to share our knowledge.
Ive been to 3rd world countries where tuk tuk and taxi drivers or guides can hassle you to no end--but ask them a question about something(even how do i get to XX) and you can see the change come over them.A minute before they were the predator -next minute they are helping you out --I guess ''humanized''is one way to put it. People a naturally helpful deep down.--You can go to some city where people wont give you a look and ask directions and watch the change.---sorry getting a bit off topic(but we are humans first and investors second:)...
Disc-Not comparing you to a 3rd world taxi driver Hoop--just felt like a bit of a ramp involving my favorite pastimes--human nature and 3rd world countries:)
This is fun - up 5% in a couple of days after locking previous profits
More to come - what a week
and a really really strong end to the week, always a good sign
almost back to where it was last Friday
Yes mate those that had the courage to fasten their seatbelt and ignore the turbulence will be feeling pretty good this evening knowing its probably smoother flying conditions from here. Looking forward to a record half year profit in February and a very juicy dividend feed...in the meantime put your feet up, relax and enjoy the flight :)