exactness

I think people in general like to see things as black or white, and most traders are no different.

But the reality is that most things are no so clear, there are many shades of grey.
the closer you look, the less exact things become.

sometimes it is better to forget about being exact, and take a look at the bigger picture.

I have mentioned before that SMM went from $0.30c to $0.90c and is now at 50% retracement at $0.60c. If you look closely you'll notice this isnt exactly true...there are a few cents difference either way. But my inexactness is deliberate. I am looking at a 6 month chart to get a bigger picture than my intended time period.

this picture tells me the crowd became highly motivated to buy SMM for 3 months. but since then it retreated to a less exhuberant level. the trading range shows there is currently a concensus of the worth of SMM shares.