Ken, We go by chart -- All indexes charts are terrible, however, this is market of stocks. Therefore, we should only stick with great stocks and have stop loss in place. More, have CASH on the side for great stocks once there are cheap in case of a CRASH or big correction.
Maybe, we all can collectively come up with five agreeable stocks to position when or if that happens -- I do not want to see this, but history has shown fire sell comes at times!
On the downside, I like to buy put on CC as protection against downside. CC's chart indicates many resistance levels are broken; the other day, Analysts tried to rescue this security; their attempt helped to gain less than a point, but today proved that this stock appears going down (-2)! I may be wrong about further decline. What is your take on CC and what do you suggest for protection?
We just need to sharpen our performance. That's why we are here. Thomas, HELP <g>!
Regards,
Mike Learner
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