| Is there any way you can remain
| |
| | we are at the same levels on the averages
|
| completely safe from taking losses in the
| |
| | we had when we started. What was the
|
| market? No, but you can sure pare down
| |
| | trend? See, there really was no "overall
|
| the odds and make it a lot more in your
| |
| | market trend". We were basically
|
| favor. Likewise, it's foolish to think
| |
| | directionless and getting tossed around
|
| you cannot make money in literally any
| |
| | on news, hopes, fears, anticipation etc.
|
| market environment. If you look for
| |
| | Yet during those periods of upswings and
|
| leadership, good chart patterns and time
| |
| | downswings, there were "mini" trends
|
| your entries well, even in a raging bear
| |
| | forming.It's those mini trends that
|
| market you can still go long with
| |
| | produce profit or losses for you the
|
| success.Obviously that is "fighting the
| |
| | investor or the short term trader. Get on
|
| tape" right? Absolutely. It would be more
| |
| | the wrong side of that mini trend when
|
| profitable to be short during a down
| |
| | the market is falling and you will be
|
| market time frame and easier to do too.
| |
| | trapped in losing positions that could
|
| We have many readers that simply won't go
| |
| | get really costly. Likewise going short
|
| short or buy "put" options. So we try to
| |
| | when the mini trend is "up" can add some
|
| show that if you are careful and do your
| |
| | gray hair to your head quickly. So
|
| homework, you can go long in a bear
| |
| | naturally, correctly identifying the
|
| market. But fighting the tape is the
| |
| | mini trend is the first step in playing
|
| wrong way to go. So, for the first
| |
| | safely. If the trend over the short term
|
| installment of our mini series, let's
| |
| | has every appearance of being "down" then
|
| look at the tape, and where it comes
| |
| | you don't want to be loading your boat
|
| from.First we have to be aware of the
| |
| | with longs. Sure you can still pick off
|
| overall market "trend" and we want to
| |
| | the leaders and the breakouts, but you
|
| take a moment to clear up just what a
| |
| | will have to be very fast and very stock
|
| trend really is. Remember a few up days
| |
| | specific. None of this "buy em all up"
|
| is not a bull market any more than a few
| |
| | mentality.On the other hand if the mini
|
| down days signals a crash. Markets go up,
| |
| | trend is up, you don't want to be holding
|
| markets go down. Our main priority is to
| |
| | a ton of shorts, or missing the boat by
|
| try and figure out which way they are
| |
| | only having one stock in your basket.
|
| going for the longer term, not just
| |
| | Both are costly mistakes. So again, job
|
| tomorrow. There is an "overall trend"
| |
| | one in playing safe, is always going to
|
| like the downward one we have seen in the
| |
| | be to try and place yourself on the
|
| NASDAQ for over a year, and then inside
| |
| | correct side of the tape. Long in a bull
|
| that overall trend there are smaller
| |
| | mini trend, short in a bear mini trend.
|
| "mini" trends. For instance, the lows hit
| |
| | Remember the old adage, "only salmon swim
|
| on April 4th, 2001 to about June 5th,
| |
| | upstream, but then they die". Likewise
|
| 2001 were a "mini" uptrend. The NADAQ
| |
| | fighting against the tape is a tough way
|
| gained something like 40%.Let's suppose
| |
| | to go. So how do we find and identify
|
| we are looking at a scenario like this:
| |
| | these little trends? Well certainly our
|
| We are in warnings season and the market
| |
| | job is to try and weed them out for you,
|
| is really nasty. Volatility reigns, and
| |
| | but you too should be doing your own
|
| we are trading sideways to down. Then
| |
| | homework. What we use is support/
|
| finally the warnings start drying up, and
| |
| | resistance lines, overall "mood" of the
|
| they focus more on perceived "good news"
| |
| | market, and significant changes such as
|
| and the market starts moving up again,
| |
| | rate cuts, earnings seasons, etc., all of
|
| into the actual earnings season. Then
| |
| | them lead towards the formation of mini
|
| after earnings the market settles back
| |
| | trends.
|
| and drifts lower. Now, its mid-August and
| |
| |
|
