re: I am waiting for an extreme to sell:
Ah. You, too, are a swing trader. You're just trading a bigger channel than I am.
One of the permanent things that has changed, is that nobody, not even the most bullish, is LTB&H. Nobody is saying what everyone used to say about CSCO: "never sell, anyone who does, regrets it." That's gone, and it ain't coming back. Even the most bullish are saying, "if X PE happens, or Y stock price, or Z macro unpleasantry, then I sell". And that, IMO, means the stock chart will never again go "to the moon". No matter how good the news gets, there will be people selling into rallies (like me and you). |
