davesaint86
725 posts
msg #142022
- Ignore davesaint86
modified |
2/8/2018 9:08:26 AM
https://www.ccmmarketmodel.com/short-takes/2018/2/6/plunge-period-reference-points
and
https://www.ccmmarketmodel.com/short-takes/2018/2/5/if-it-looks-like-a-duck
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karennma
8,057 posts
msg #142028
- Ignore karennma |
2/8/2018 10:55:49 AM
Hi Dave<
His videos are too long (for me).
What was the verdict?
Re: "BULL/BEAR ODDS
This week's video looks at the recent pullback in the context of history. The charts help us answer the most relevant question - does 2018 look like a bull market or the early stages of significant and protracted decline?"
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karennma
8,057 posts
msg #142029
- Ignore karennma |
2/8/2018 10:58:05 AM
- Jesse Livermore - "learn to sit tight"
Been doing that for awhile ... and under these circumstances, happy to do so.
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davesaint86
725 posts
msg #142030
- Ignore davesaint86 |
2/8/2018 11:12:03 AM
I agree that his facts are correct. However with trading costs today, just better to follow you system, buying and selling based on your rules, no ands, ifs, or buts! He's right the market usually bounces back. Why not just take a 2-5% loss and have piece of mind and get back in based on your buy signals. Some of draw downs have been high.
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davesaint86
725 posts
msg #142031
- Ignore davesaint86 |
2/8/2018 11:16:10 AM
http://stockcharts.com/h-sc/ui?s=$BPNYA&p=D&b=5&g=0&id=p79853252131
This tells the story. Sell at 30EMA crossover, buy above.
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