A wise man from j.b.were recently told me "he has never met a wealthy chartist", he rarely used charts, he mainly used his gut feel and knowledge. He spent over 40 years in this industry and pointed out that when investors are overly bullish, sell, and when they are overly bearish, buy. And I will tell you all I am buying at the moment. From all the history books I am reading the time to buy is NOW, when the majority are stating "the world economy is rooted" or "we are all heading into recession or depression" or when the chartists start comparing previous "disasters". Guys have a look at the amount of negative posts on a negative day, especially in the XAO thread, compared to the posts on a positive day. Sh it atleast I am puting my money where my mouth is and if I'm wrong well its back to 9-5 work for me, but something tells me I'll be o.k.
Add to My Watchlist
What is My Watchlist?