Yes folks it's me again. I'm going to give you SUM of my perspectives again now that the sp is going up. Yes I can hear it .... that swishing sound that comes from fluid being sucked out of the tear ducts as eyes rapidly roll upward and back into the sockets and the groan that comes with it from somewhere deep in your primal past. I take that as a green light yes?
A number have expressed why the sp is finally moving up, reasons such as: it's just finally time for the true value to be represented, anticipation of news, widening awareness due to the media and so on. I think there is truth to one degree or another on most of them. I would also suggest that it is now being permitted to move. In other words it's time to make certain people some profit. Owing to the latter, one should note that the rising sp, if it continues to rise, will reach a point of fatigue, just after certain groups have sold, where it stalls and falls back to earth to begin the cycle again. Remember to take some profits off the table. If you do a greed check you'll probably note that the clenched fist mode has clicked in after today and you're holding those shared tighter now. This makes it very difficult to let go of those shares to take a profit. Do you notice similar patterns in your behaviour recurring?... like from other similar events? Did anyone swear they would go away in May this year and now find themselves waffling on that decision..... because yet again you fear you will be left behind? Now, I'm not making recommendations for people to do specific things other than to check their psych. and determine if habitual patterns are going to lead you back through the same problems you've always had, or work well for you. Changing behaviour is really hard, hardest thing anyone will ever do in normal living, so don't minimize the message here. People spend a lot of money in seminars not about TA etc., but on how to think and feel when investing/trading. Just be aware of your feelings and how they make you think and ultimately act and determine if this works for or against your financial plan. It all starts with thinking.
