|
PureBytes Links
Trading Reference Links
|
OK Wong,
To try and figure out if we are still in a BULL / BEAR market it foolish. For me
the Bull / Bear are just cartoon characters that mean nothing. For each Stock,
Comm, Index, etc. goes through its own ups / downs (bull / bear). And many spend
countless hours telling themselves which market their in, some losing it all,
others gaining from it.
Finding support / resistance lines and following price has been very profitable
and a very important lesson. Because at the end of the month, I have to answer to
the bank, for they hold the note to my house.
To answer your question, does it really matter? If you are trading MSFT then
trade MSFT, don't worry about the DOW or NASDAQ. For they are 3 different trades.
TradeWell,
Joe Frabosilio
wong wrote:
>
>
> AND OF COURSE, AS I MENTIONED MANY TIMES, THE BASIC ASSUMPTION FOR
> PROFITABILITY OF USING THIS METHOD IS A HEALTHY BULL MARKET AND GOOD CHOICE
> OF STOCKS. But who knows when the bull market will end? (Remember my
> challenge to you experts - Can anyone be absolutely correct about this? I
> don't remember any concrete proof being cited.) My favoite word: "HINDSIGHT".
>
|