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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: Douglas M. Benedict who wrote (46986)12/10/2005 11:52:57 AM
From: UncleBigs  Read Replies (2) of 110194
 
Let's put your theory into practice. Take gold for example. When you would acknowledge a change in trend and sell out?

$510? maybe that's just a small correction before a resumption of the bull market.

$490? maybe that's just a shakeout correction before a powerful new bull move.

$470? maybe that's just an oversold correction to remove the weak hands before a sling shot to new highs?

My point is that you can't tell a trend change from a correction until well after the fact. The chances are much better that you pressed your bets at the high only to ride them down and sell out much lower in an emotional purge later.

You should study the works of Tom Demark. He says the trend is your enemy and he has some fabulous facts to back that up.
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