Long Haul or Long Hole?
Posted by Book Eater
Bottom pickers are going through a losers' game.
- guilty me -
We are in a bearish market environment.
There's a failure to support rallies
We couldn't muster much of a rally
Don't get too involved in these patterns.
The symmetrical triangle turned into a descending triangle.
All Moving averages are declining.
Path of least resistance is lower.
Nowhere to indicate the bottom
You've got to be an aggressive trader to be involved.
If you're thinking, like I'm thinking... ask yourself this question:
Are you really in there for the long haul? or do you mean the long hole?
- bearish nikki-
- Nix