For those having trouble buying new highs, you're in luck, there is no
shortage of stocks overbalancing to the upside after sell-offs and going
side-ways. Now is the time to have a look at your charts:
mee, sib, blt, bno, bpo, nal, to mention a few
others that look interesting to keep an eye on:
but all time new highs are best.
if a stock moving into new 52 week highs then proves it is a false
break, like sgn, never hold. False breaks rarely recover quickly.
I am having a break this week and next - oktoberfest time in Munich, but
before I do I want to pass on two things;
1) attached, why we can be certain the real estate cycle will at some
stage repeat itself. ( Feedback welcome.) This knowledge was
re-discovered for us by Henry George way back in 1875 or so.
(not attached here, see "why 18 years", elsewhere on the site)
2) the repeat will come in set time frames of some sort. This knowledge
was re-discovered by W. D. Gann. I have tried to demonstrate this over
past years via such emails as this, the truth of what these guys found.
(Just look at JUM, yet another mid point on one of its important dates
- getting the shape and trading it is the harder part)
It might be noted:
"The U.S. mainland has not been hit by two Category 4 storms in the same
year since 1915. Katrina came ashore Aug. 29 as a Category 4
hurricane." (90 years)
Full article at:
72 years a Swans grand-final too just out of interest, though i expect
all Melbourne persons would have picked that one up by now..
Gann did point out how certain numbers so often set out the play of
emotions. And is there anything more emotional than football...