If your plan calls for taking a step back and waiting you must listen, observe and wait for the market conditions to become conducive to your strategy. If you don't have a plan then it's time to create one for yourself. If you need help, ask for it.
Look at the SP-500 chart above.
There's nothing magical about technical analysis--at least the way
I approach it. The market went sideways for most of the year. It
broke down out of that range. On rallies, those who bought during
that range will likely look to get out. It's human nature. That
selling will cause the market to drop.
Am I sure? No. No one everknows for sure but this is the logical way to play it.
It is very important to remember that the market conditions change and we are going to have plenty of opportunity to make lots of money soon. Stay patient, positive and ready as the markets can change on a dime.
Look at the SP-500 chart above.
There's nothing magical about technical analysis--at least the way
I approach it. The market went sideways for most of the year. It
broke down out of that range. On rallies, those who bought during
that range will likely look to get out. It's human nature. That
selling will cause the market to drop.
Am I sure? No. No one everknows for sure but this is the logical way to play it.
It is very important to remember that the market conditions change and we are going to have plenty of opportunity to make lots of money soon. Stay patient, positive and ready as the markets can change on a dime.
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