TDEY Daily Chart ~ Declining Tops Line in Full Con
Post# of 2559
Posted On: 01/19/2014 7:35:12 PM
TDEY Daily Chart ~ Declining Tops Line in Full Control
Time to share my piggie because I refused to listen to the chart which was screaming at me to get out weeks and weeks ago. I have already gone through two sticks of lipstick putting on TDEY. But no matter how much I put on, a pig is still a pig, LOL. I broke every rule both on the run up and the decline. But let me tell you, the kool aid was delicious. Ok, for those that are stuck in this declining tops nightmare, don't lose hope. The company does appear to be on the track of some major executions in the near future. Whether the stock retests the recent lows of .0016 or not is anyone's guess. I did add over 3 mil shares last week under .002 to average down on the shares I purchased while trying to catch the falling knife. I have my average down to just under .003 now so all hope is still there for a very profitable conclusion. The company is not broken, just the stock.
Ok, so let me tell you where I erred in the hopes that you don't repeat my mistakes. I can tell you, they won't be my last, but I'm doing my best to narrow them down as time goes on. First of all, I did trade a few shares into the move as it occurred in Sept and Oct. But when the stock hit .021, greed got a hold of me, as TDEY was going to the moon, lol. Having not sold many during that run wasn't the biggest error, though. The larger mistake happened when I tried to catch the falling knife and added during the drop even though the FullSto and MACDs were in full, outright sell signals. Once the stock broke under the .0034 low of late Nov, I finally got it through my thick skull that the kool aid I was drinking actually began to taste like doggie poop. So I waited (obviously should have sold what I was holding to re-enter at a later time) for the chart to begin resetting into a positive tone. So for the very short term now, we have a double bottom at .0016. The fast shot to the declining tops line was a great exit point for those who might have added at .0016/.0017. I missed my opportunity as I thought the stock might break above that tops line. Those who snooze, lose. Now I wait for a pivot and break to the upside. The FullSto did turn positive for a few days, but there hasn't been any real divergence from the MACDs yet. There are in oversold levels but just sitting on top of the indicator lines. Don't lose hope as my next chart, the Weekly, tells a better tale with the bigger picture.
What have I been pounding home for months here?........ Oh yeah! Listen to the charts!
Time to share my piggie because I refused to listen to the chart which was screaming at me to get out weeks and weeks ago. I have already gone through two sticks of lipstick putting on TDEY. But no matter how much I put on, a pig is still a pig, LOL. I broke every rule both on the run up and the decline. But let me tell you, the kool aid was delicious. Ok, for those that are stuck in this declining tops nightmare, don't lose hope. The company does appear to be on the track of some major executions in the near future. Whether the stock retests the recent lows of .0016 or not is anyone's guess. I did add over 3 mil shares last week under .002 to average down on the shares I purchased while trying to catch the falling knife. I have my average down to just under .003 now so all hope is still there for a very profitable conclusion. The company is not broken, just the stock.
Ok, so let me tell you where I erred in the hopes that you don't repeat my mistakes. I can tell you, they won't be my last, but I'm doing my best to narrow them down as time goes on. First of all, I did trade a few shares into the move as it occurred in Sept and Oct. But when the stock hit .021, greed got a hold of me, as TDEY was going to the moon, lol. Having not sold many during that run wasn't the biggest error, though. The larger mistake happened when I tried to catch the falling knife and added during the drop even though the FullSto and MACDs were in full, outright sell signals. Once the stock broke under the .0034 low of late Nov, I finally got it through my thick skull that the kool aid I was drinking actually began to taste like doggie poop. So I waited (obviously should have sold what I was holding to re-enter at a later time) for the chart to begin resetting into a positive tone. So for the very short term now, we have a double bottom at .0016. The fast shot to the declining tops line was a great exit point for those who might have added at .0016/.0017. I missed my opportunity as I thought the stock might break above that tops line. Those who snooze, lose. Now I wait for a pivot and break to the upside. The FullSto did turn positive for a few days, but there hasn't been any real divergence from the MACDs yet. There are in oversold levels but just sitting on top of the indicator lines. Don't lose hope as my next chart, the Weekly, tells a better tale with the bigger picture.
What have I been pounding home for months here?........ Oh yeah! Listen to the charts!
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