redbaron

Rally Broaches Resistance: What the Charts Say

A good friend always tells me at these inflection points, that to trade successfully, you have to be right twice, once getting out, and again getting back in. In this current market, I have been fooled so many times I can't count them all, and the low-cap value stocks I follow are all now looking up. I could try selling a little now, but even if the market corrects to the down-side for a retracement, there is no assurance that my low-cap value stocks would follow the market downward. All stocks do not bottom at the same time, is something I have learned from previous bear marketsso it is possible my low-cap value stocks have already bottomed. At this point, I am just going to leave my current investments un-touched, even though I am up 42% since March 9. I may be wrong, but it won't be the first or last time.