IRET
Brad Thomas From Seeking Alpha wrote up IRET AS A BUY.
This is how I answered a question from SID:
Sid, I follow Brad Thomas. Look up this author and his story on IRET:
tos.mx/6LARbB
Now, open the chart above from my TOS platform. Note:
1. IS IT A BUY? HOLD? OR A SELL?
2. Look at the CIRCLED VALUES.
>>>>IN FACT< YES! It has been sold in retrospect!*** From 11.78 down to 7.45 and the reversal at 8.74 and then again at 7.17.
3. IT IS NOT A BUY.
This is all we care about. AND, note: if it were a long, the LONG MEASURED MOVE setups from lows, from 5.52 up to any high would have held or NOT BROKEN their 61.8% Lines.
From experience, I did not even attempt to find a long here. ALL I SEE ON THIS CHART, for every bid, came SELLERS.
NOW, you can call this "retrospect" and it is indeed looking back in time but RIGHT NOW, real time, I would AVOID THIS STOCK until I see buyers pouring in.
NOT SO FAR!
DJ
*** SID had made a good point>>>it seems that you only see these in retrospect.
YES, we do. BUT, we determine a trend from past completed moves and then we determine if the latest MM is a short or a long.
IF THE LAST MM completes>>>>>>$4.86 is our next target.
This is how I answered a question from SID:
Sid, I follow Brad Thomas. Look up this author and his story on IRET:
tos.mx/6LARbB
Now, open the chart above from my TOS platform. Note:
1. IS IT A BUY? HOLD? OR A SELL?
2. Look at the CIRCLED VALUES.
>>>>IN FACT< YES! It has been sold in retrospect!*** From 11.78 down to 7.45 and the reversal at 8.74 and then again at 7.17.
3. IT IS NOT A BUY.
This is all we care about. AND, note: if it were a long, the LONG MEASURED MOVE setups from lows, from 5.52 up to any high would have held or NOT BROKEN their 61.8% Lines.
From experience, I did not even attempt to find a long here. ALL I SEE ON THIS CHART, for every bid, came SELLERS.
NOW, you can call this "retrospect" and it is indeed looking back in time but RIGHT NOW, real time, I would AVOID THIS STOCK until I see buyers pouring in.
NOT SO FAR!
DJ
*** SID had made a good point>>>it seems that you only see these in retrospect.
YES, we do. BUT, we determine a trend from past completed moves and then we determine if the latest MM is a short or a long.
IF THE LAST MM completes>>>>>>$4.86 is our next target.
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