Comments on: There may be trouble ahead

By: atticmantrader

atticmantrader — Tue, 29 Sep 2009 21:33:27 +0000

Hi Dave,
Thanks for your comment – I agree I can’t make any money standing on the side – I also can’t lose any

What makes you convinced it’s on the way up?

By: AtticMan trader

AtticMan trader — Tue, 29 Sep 2009 21:30:25 +0000

Hi Steve, I agree that we are unlikely to hit the lows of Oct 08 / Mar 09. Even from a pure TA perspective these lows have very low probability of coming into play in the short/mid term. It’s interesting to get a more considered long term approach from someone who is clearly more of an investor than myself.

There is certainly a very different mindset between swing trading and investing – a mindset that I have not yet considered or developed as part of my approach to the markets.

I feel a couple of guest blog posts could be on the cards?

By: Steve Markus

Steve Markus — Tue, 29 Sep 2009 06:53:54 +0000

Daniel, this is the trouble with pure TA. I agree consolidation is likely, and desirable. However, to think of a potential move back to October or March lows is I think, unlikely, to say the least. At that point the market was pricing in Armageddon – we know that isn’t happening now, and so I think we’re not going to see those levels again. I do think the market will at some point correct, probably up to 10%, in other words, just sufficient for people to think that stocks are cheap and to start buying again.

Again, this is also a problem with short-term trading, in that you need moves to be all or nothing. Investing is a lot easier – while it’s better to time the market to perfection, you can get round that to a degree by drip-feeding funds into the market. I’ve been very successful through most of this year having adopted this strategy.

By: Dave Vrubeck

Dave Vrubeck — Tue, 29 Sep 2009 00:01:12 +0000

well mate, if you don’t get in there, you won’t make any money. Get long! it’s going up!