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Strategies & Market Trends : Effective Collaboration - Team Research for Better Returns:

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To: The Ox who wrote (944)5/25/2012 6:51:05 PM
From: Return to Sender  Read Replies (1) of 8288
 
I keep forgetting that you are day trading stocks. If you are simply day trading then you need no justification for buying any stock other than you think the market in it will support your buy with a better selling (higher) price that day.

But lets say you are swing trading or looking to enter a longer term trade. Then the daily charts, weekly charts and monthly charts matter. Even if you are only day trading the overall market trend matters as much. Why?

Because in a Bear Market 90% of all stocks lose value. Now admittedly we are not currently in a Bear Market but it could be coming. Lets assume for a minute that it is coming. If so then RVBD is going lower.

PEG does not matter in a worldwide slowdown. Thinking we are not in a worldwide slowdown right now can get you stuck rather sharply by a falling knife.

In my next post I will visit RVBD valuations based on fundamentals. Again RVBD's past PEG growth would not matter in a Bera Market.

RtS
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