Quote Originally Posted by Dr. Dave View Post
Zoom out farther, you have 3 months of serious turnover between 51 and 55, so clear 55, then you can form a handle, and perhaps break 60, market permitting - that scenario looks like it'll take months to play out.... which gives time for the market to do whatever it's gonna do.
Dr. Dave, thanks for your observation and input. Maybe I'm too focused on short term to fully envision or appreciate what you have pointed out. I follow your insight as I zoomed out to a year, but in reality I'm not patient enough to wait so long for payback. I'm actually quite a rookie in investing, and so far I've settled into short term swing trades as my comfort zone. I'll keep an eye on that developing cup and handle however, and make a play if or when I think I am ready (meaning confident and patient).

Thanks again for your input.