Tell me why averaging down is a bad idea .

Averaging down is only viable for the long term 401K'er in diversified funds. It's called dollar cost averaging. Thank you for your time.

 

It will work for that scenario however, it certainly isn’t the only viable way to use it.

 

Only in long term diversified investing, is it viable. It will eventually blow up the individual short and swing trader.

 

That is your belief. Doesn’t mean it is true.

 

What about now? Short or long?

 

Long because the bull bar broke the high. This is a good entry point on the pull back. I do not know how to rank it yet.

 

ok now it is getting more interesting. What are you going to do here? Long or short? Where is the pressure. Up or down? I know what I would do or would have already done. I will explain that shortly. But if you had not taken already taken aposition what would you do at this point? Long or short?

 

Thanks for your participation. Will explain my stance shortly.

 

The high of the bull bar is the resistance.

 

Taking into the entire context, do you think it will likely break north of the resistance or head south?