I commence with my gratitude to The Creator
There is an expression on the Wall Street, which is “Do Not Fight the Tape.”
Any smart and prudent trader does not do that. Even if he/she thinks that the trend is due for change. However, at said juncture, the best strategy is,……to nibble and stay nimble,…… keep the stops very tights,….. once you are in profits. And above all do not hold positions over night. Because when trend is due for change. And if it does not happen during the trading day, then worst thing might happen, during over night session, when market is closed.
THE MOST ACCURATE FORECASTING OF FINANCIAL MARKETS
http://trade-in-harmony.blogspot.com/
if market will close week at highs then this would mean change of plans ?
but at extreme bullish sentiment is this even possible for markets to go higher again ?
Luc makes a good point Mr.Syed.
It seems as if the Feds and the programmed traders (algorithms) which the huge hedge funds use are defying the astros.
Your thoughts?
Karim
FED and other manipulators, cannot manipulate the markets for long. Astro and other time cycles will manifest.
It can be delayed by manipulation. But what happens, when you support a falling wall by broken bricks!!