Dino rules are rules mate and it is only when investors relax,sway, and allow their present psychology to over ride one's initial judgement do they usually end up in trouble. What determines a double or triple top is NOT what I have made up, it has been tried and tested by industry experts, to determine the best rule to "fit" that situation, so no I do not alter what I have learnt. Rules to enter and exit, if you decide to stray from them that is your own call, but you can not simply say that is a triple top when it is not, it's a bit like saying TRH is drilling for oil+gas, they simply are not. No,rules of T/A have guidelines, and once studied they make a lot of sense why they can't be altered. If you have studied you will know that all technicals are taken on a weekly chart and dailies are only used for fine tuning entries and exits,monthly's are for the whole,"so where are we". Again in the courses I have studied which are regarded to be among the best in the business, this was my teaching's. So the only gap is at 20-25 cents and again, more gaps don't get filled than do, just look at BHP and the likes, gaps only become relevant when trading in that range. Only 2 more points, firstly I recommend you research liquidity, price and accumulation . You will then understand why TRH is NOT illiquid, and how accumulation "tightens" the register, and how double tops form and what causes them. I could go on for ages but as I stated before one thing leads to another and wammo, I've lost the person I am giving my insight to, and like I say there is an awful lot of homework that's gone on here. Lastly I ask you this, if a stock is illiquid then most fundamentalist's and technicians will tell you not to buy, as you say, correct? If it is so illiquid and not a buy at 90 cents then why is it a buy at 70 cents? Surely the same danger of "throwing it out of whack", as you say, exists at 70 cents, 20 cents does not make a stock liquid or not, does it? Today is like any other day with people making money,overspending, buying new things, trading and changing positions, the bulls won and we closed 2.5% up. Enough ranting from me and hope my explanations where welcomed, I look forward to response. Oh yeah cause then someone else can take over on the fundamentals, did I mention we are about to drill, yep she's got the goods this one. Of course all IMO :)) Again I am still HAPPY and thanks for your post.
TRH Price at posting:
91.0¢ Sentiment: Buy Disclosure: Held