(image from WSJ.com)The red areas of the chart are bear markets...each bear market lasts a few years...what we can see from the chart is a high level of volatility and huge price swings within a range as price consolidates...so, if we can pick our spots right, bear markets would be a great time to do ripple trading (ridding the waves) by buying low and selling high...ONLY when price breaks out of this range to the upside, that we can once again consider longer term investing again...
No comments:
Post a Comment