Where is my Bearish Pullback!??! Argh!
Well, I want to get something off my chest. It’s eating me inside – I LOVE BEARISH PULLBACKS!
Hear me out on this one. Ok, I’m the first to tell you that I love my fundamentally sound stocks – I like growth, and I like when they keep going up and up and up. If you have been in the markets for the last, FOUR MONTHS, you would see almost a steep 45-degree rise on the major US indices.
Now, I base all my trades on technical analysis – my entries, my stop losses, cycle dependencies – thus this last four months have brought havoc on all my timing schemes.
Where do we go from here?
Well, yesterday we saw a nice decline on the indices, only to watch today a small recovery – which is what is expected after such a day. Even though it seems like my housekeeper has suddenly decided to give me stock tips, the bulls can’t always win – you have to respect that.
Plus, the easiest, and fastest money comes in pullbacks. Takes months to build, but takes days to fall.
Hear me out on this one. Ok, I’m the first to tell you that I love my fundamentally sound stocks – I like growth, and I like when they keep going up and up and up. If you have been in the markets for the last, FOUR MONTHS, you would see almost a steep 45-degree rise on the major US indices.
Now, I base all my trades on technical analysis – my entries, my stop losses, cycle dependencies – thus this last four months have brought havoc on all my timing schemes.
Well, yesterday we saw a nice decline on the indices, only to watch today a small recovery – which is what is expected after such a day. Even though it seems like my housekeeper has suddenly decided to give me stock tips, the bulls can’t always win – you have to respect that.
Plus, the easiest, and fastest money comes in pullbacks. Takes months to build, but takes days to fall.
posted by stockshaker at
9:32 AM
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