Change with the Circumstance |
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Written by Ben
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Sunday, 27 April 2008 |
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Technical analysis is an inexact science. Here we
are talking about probability and not certainty. No one can read charts
correctly all the time. If you can, you hold the keys to unlimited
wealth. When you see black
clouds, you bet that it is going to rain. When it doesn’t and the sky
clears up, will you continue to bet that it will rain? Common sense
tells you to bet against it now. In
the stock market if you know when to switch from being bullish to
bearish or vice versa, you will be miles ahead of others. To survive,
you must change with the circumstance. In an uptrend, buy on dips. In a downtrend, sell on rallies.
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