I get very tired of nonsense like this.Take a look at any share price that has gone down for a while and then recovered for a while. Now look at various "trend has broken" scenarios - ie when the price has gone up a bit - and see when you would have bought. Even better, pick companies still in a downtrend and work the system into the future. You would never buy at the bottom, because it is still in the downtrend at the bottom. You can't allow yourself foresight of the downward trend, you have to look for that scenario right from the start. Sometimes you will get in nice and early in the uptrend, but sometimes you will get in during the downtrend and go on down with it. Over multiple companies over time, you make no more money than if you just buy companies at a random time and hold them. The same applies to all similar selling rules too. As in roulette, you can affect your profit/loss patterns but you can't beat the house. [Where the stockmarket beats roulette hands down is that just breaking even with the house is profitable over time. For that, all you need to do is buy and hold.].
SXY Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
