It means mkt will trade range bound with a cap at recent highest prices.
This shall applies to the recent great winners.
So there will be many trade opportunities, if u know the price levels of the ranges.
There r 3 terms used to describe sell down :
a. profit taking = Stock's like human, has to 'kneel down' n will 'jump' up much higher.
b. correction = trend change to killer PureBear.
c. consolidation = make it solid n compact like airport for take off at some time later.
During these 3 stages, your biases to Right Action will determine your investment success going forward...
This mkt calls for daring n fearless.
Only when there is a sell down to a price u deem low, buy.
It means u hv to guess the low of the range to Buy Well.
Only when there is a sell down to a price u deem low, buy.
It means u hv to guess the low of the range to Buy Well.
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