Sorry, I know I am long winded.

When I mentioned that I have 113 stocks (and growing) which I track, every morning I get up and the first charts I chose to review are the ones which have been beaten down. I look at the chart indicators and then I look up news on the ones which look as though they might be primed to head back up. I really don't like to chase a stock as I am aware it is coming closer and closer to the "Euphoric" stage shown on your timeline. I can't tell you how many times in the past where I listened as everyone was making a killing, decided to jump on a bandwagon at the end of the run then left stuck as a "bag holder". My Dad had a great saying: "There is NO education in the second kick of a jackass." It normally takes takes a few bruises before I learn, but the point is we need to learn from our mistakes.

Thanks again for that chart,,,it makes the explanation so much easier!