wbc future, page-2

Hi Jean
the 12 month low for WBC is $14.55
most predict we will hit that low again this year.
WBC has traded sideways for some time now.
the banks are not in uptrend.

there may be a bounce in the US markets in Jan but we have just finished a minor 6 day rally and wbc only briefly rose above $17 and now back at $16.80. may rally from here but what is the upside? where are the profits in that trade?

the guru Robbbbbbbb posted a useful chart on wbc recently but it has not risen.

if you do decide to trade WBC i suggest using stops and also buying on an intra day low but this is a major bear market with bear market rallies at best so mayby cash in the bank is safest.

it is a blue chip and over time will be back above $20 but when?

If you decide you must trade then why not wait for next wave of capitulation selling ( and it will happen again this year) and then buy some solid blue chips like wbc.

set a target price say $14.55 and wait and then pounce.
patience is the key. it is the entry price that will decide your profits.
have the courage to buy when no one else will and the patience to wait for that time. this is a golden opportunity to buy blue chips at dirt cheap prices but most trades will fail during a bear market.

you are lucky you are coming in now and not 12 months ago but remember that most expect this year to be worse!

why not paper trade for awhile.