Ross Stores (ROST): Wait for the Very Last Crumb of Profit?
SUMMARY
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It's always easy to buy and most difficult to know when to sell. Ross Stores (ROST) shows a chart where it likely has one more higher high to go and most investors will want to hang around for those very last crumbs. Not me; I leave the crumbs on the table for the next guy. What would you do with ROST seeing this chart?
The correction could be significant and scary! The ABC retracement is targeted for 0.618 because that would be the golden ratio. Given the risk of such a correction, taking some off the table would not necessarily be a bad thing. The subwaves also confirm the higher degree counts. Whether the correction actually take the ABC sequence or another doesn't matter; because either way this correction is a higher degree of trend wave 2 decline.
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It is always scary when you see huge gains in small time frame, there is a big chance of corrections happening, definitely need to keep an eye on this.
Awesome post btw.
The content of your post is very interesting, I really admire it ..
And I always support your success
Very right ... no one is sure when to sell as one has fear that if he sold than graph can pike more. What I enjoy is my heart beat when I am to make a decision like this ... profit or loss is another part for me :))
Excelente post, good work