This blog is a journal of charts on ASX stocks in various point in time. You might find charts on Major forex pairs,Nasdaq and SGX stocks as well.It reflects the author personal view. Its neither advisory or invitation to trade. All done in the interest and passion for the market, trading, technical analysis and elliot wave. And to exchange view, opinions with traders worldwide. .
Personal Favourite links
tweet
Wednesday, February 9, 2011
A post mortem on Raffles Education
A Post Mortem on Raffles Education.
Too emotionally charged to win.
1st Time. How I came to notice Raffles Education is thru Stock and Shares magazine.
I was following Informatics and somehow I came across Raffles Education which looks
technically great on the weekly chart.
It has broken out.
2nd time : A trader friend mentioned that he has recieved recommendation to buy Raffles.
My interest was already perked. But I could and had the foresight to expect a 5th wave.
And then pull back.
I congratulate myself for being smart and correct.
It did go up and pull back.
The not so smart part or trying to be too smart,
I thought now,Yes ! , there is the wave 1 [completed 5 impulse waves]
and I had waited for the pull back the Wave A.
entirely ignored there is a B & C
Bullishly think that the wave down is wave 2 correction completed.
Went in and got caught.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment