Blinkx shares (LSE:BLNX) are now at a significant demand level, where the price has gone out balance in favor of buyers. The bull now has the power, for the price is ready to continue its northward move (having broken out of the recent equilibrium zone). The bear dares not challenge the bull at this moment. The dog that challenges the tiger would have its body covered with blood.
In the month of January, the market traded sideways, correcting downwards in the process. From the beginning of February 2013, the price has been rising steadily, gapping up on Monday (February 11, 2013). The price has crossed the EMA 21 to the upside, and closed above it. The William’s % Range is now in the overbought region (testifying to the bull’s energy).
Conclusion: The job of speculation is taken more seriously than the outcome of it. Even when negativity is sustained after one’s rules are adhered to, that would be normal. That is the situation of things and it remains normal. The outcome produces no adverse reactions. Speculation is carried out with the knowledge that negativity comes with positivity. One needs to be sad only when one hasn’t followed one’s time-tested trading rules.
This article is ended with the quote below:
“Long-term perspective and experience helps. I’ve been doing this long enough that nothing surprises me anymore and more importantly, I still enjoy the challenge and find it fun to trade even when my results are not what I desire. As long as I maintain that perspective, I think I’ll be ok.” – Charles Kirk
Azeez Mustapha
Market Analyst, Trading Signals Provider and Coach
For more articles, go to: http://www.advfn.com/newspaper/authors/azeez-mustapha
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