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[USER=57299]@mcgrath111[/USER] If I could take the liberty to show you my chart of NAB. I'm not questioning why you initially purchased NAB & I'm not commenting whether further purchases are good or bad. I just want you to see it from my perspective.

Yellow Ribbon
Look at the little yellow ribbon at the bottom of the chart.

What does that yellow ribbon mean
That's a ROC indicator (ROC = Rate Of Change) a momentum indicator. Each time the yellow ribbon activates it means the momentum is dropping. It means the ROC of the last 10 weeks is lower than 0%.

In a nutshell
Other investors/traders don't share your view. (more sellers than buyers)

Ribbon Length
The length of the ribbon indicates the length of time the momentum continues to drop. The chart is a sea of yellow & this may indicate my caution - at least it will give you my take on NAB.

Why is my ROC ribbon yellow
If a traffic light turns yellow we prepare to stop. If I own the share my strategy turns on a searchlight to highlight the fact.

I'm a wimp
In my 'Dump it here thread' I've spoken about the virtues of being a wimp. I'm first to admit I'm a Wimp.

[ATTACH=full]90865[/ATTACH]

Skate.

<blockquote data-quote="Skate" data-source="post: 1006768" data-attributes="member: 57364">[USER=57299]@mcgrath111[/USER] If I could take the liberty to show you my chart of NAB. I&#039;m not questioning why you initially purchased NAB &amp; I&#039;m not commenting whether further purchases are good or bad. I just want you to see it from my perspective.Yellow RibbonLook at the little yellow ribbon at the bottom of the chart.What does that yellow ribbon meanThat&#039;s a ROC indicator (ROC = Rate Of Change) a momentum indicator. Each time the yellow ribbon activates it means the momentum is dropping. It means the ROC of the last 10 weeks is lower than 0%. In a nutshell Other investors/traders don&#039;t share your view. (more sellers than buyers)Ribbon Length The length of the ribbon indicates the length of time the momentum continues to drop. The chart is a sea of yellow &amp; this may indicate my caution - at least it will give you my take on NAB.Why is my ROC ribbon yellowIf a traffic light turns yellow we prepare to stop. If I own the share my strategy turns on a searchlight to highlight the fact.I&#039;m a wimpIn my &#039;Dump it here thread&#039; I&#039;ve spoken about the virtues of being a wimp. I&#039;m first to admit I&#039;m a Wimp.[ATTACH=full]90865[/ATTACH] Skate.</blockquote>

[QUOTE="Skate, post: 1006768, member: 57364"] [USER=57299]@mcgrath111[/USER] If I could take the liberty to show you my chart of NAB. I'm not questioning why you initially purchased NAB & I'm not commenting whether further purchases are good or bad. I just want you to see it from my perspective. [B]Yellow Ribbon[/B] Look at the little yellow ribbon at the bottom of the chart. [B]What does that yellow ribbon mean[/B] That's a ROC indicator (ROC = Rate Of Change) a momentum indicator. Each time the yellow ribbon activates it means the momentum is dropping. It means the ROC of the last 10 weeks is lower than 0%. [B]In a nutshell[/B] Other investors/traders don't share your view. (more sellers than buyers) [B]Ribbon Length [/B] The length of the ribbon indicates the length of time the momentum continues to drop. The chart is a sea of yellow & this may indicate my caution - at least it will give you my take on NAB. [B]Why is my ROC ribbon yellow[/B] If a traffic light turns yellow we prepare to stop. If I own the share my strategy turns on a searchlight to highlight the fact. [B]I'm a wimp[/B] In my 'Dump it here thread' I've spoken about the virtues of being a wimp. I'm first to admit I'm a Wimp. [ATTACH=full]90865[/ATTACH] Skate. [/QUOTE]

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