correction getting much closer now., page-75

I expect tomorrow to have a pretty boring day - Perhaps even down.

But we are not any closer to a correction this week than we were 3 months ago (from the point of view of changing fundamentals etc).
The only thing you've got going for you in relation to a major correction is time factor. And you can NEVER predict when that will happen.
Therefore, you can ride the bull market, and get out when there are actually true signs of the market falling.


As for charts, they work as they are a self fulfilling prophecy. I mean - Bollinger, Fibonacci, Elliot wave - they are all crap - BUT THEY WORK due to the herd mentality factor.

So my advice - buy buy buy resources. But watch, and get ready to sell sell once it happens.