Let me offer some advice - you want to primarily trade in the
direction of the primary trend. Start with indices, then move
to sectors, then to stocks within the sector (if sector strong then
look for longs and if weak shorts while being mindful if such
sectors becoming extended).
Since July the primary trend has been LOWER - lower lows and
lower highs with throwback rallies. Surprises tend to move
in the direction of the prevailing trend.
Let me offer some advice
By my approximate count, the last 25-30 stocks exited in ...
Posted by steve on 27th of Oct 2023 at 09:59 am
Let me offer some advice - you want to primarily trade in the direction of the primary trend. Start with indices, then move to sectors, then to stocks within the sector (if sector strong then look for longs and if weak shorts while being mindful if such sectors becoming extended).
Since July the primary trend has been LOWER - lower lows and lower highs with throwback rallies. Surprises tend to move in the direction of the prevailing trend.
Great advice Steve - worthy
Posted by craigm on 27th of Oct 2023 at 10:16 am
Great advice Steve - worthy of a sticky post on the monitor as a constant reminder for me