Wednesday, 15 February 2012

HAS MAS FOUND SUPPORT?

If MAS don't recover today, let's see if the 1.51 support will hold.

MAS COTINUED ITS DOWNTREND .  THE LESSON HERE IS THAT WE HAVE TO WAIT FOR PRICE TO REBOUND FROM PROJECTED SUPPORTS BEFORE ENTERING A BUY TRADE.  EVEN IF THE PRICE DID RECOVER, WE STILL HAVE  CUT LOSS IF IT AGAIN GOES BELOW THE LAST PIVOT LOW I.E. THE SUPPORT LEVEL.  IF WE DON’T WAIT FOR PRICE TO REBOUND AND JUMP THE GUN, WE MAY FIND OURSELVES IN FRONT OF THE GUN BARREL.

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