RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
(2021-02-28, 03:08 PM)pcabc Wrote: Which begs the question of whether we will see more of a pullback before any bounce? But who knows?
On stronger corrections they always all get to the lower zone. But that could happen as soon as tomorrow if we get a further wave of selling after people review their accounts this weekend. So I'm on alert to potentially do a test buy in the Nasdaq 100 from tomorrow, as my strategy on the swing trades when building the portfolio back up from a 100% cash position is to use the index etf initially, for lower volatility and tight stop loss on a large position size, as then I can gradually add new positions as the proper setups occur over the coming weeks, and scale out of the index etf as I do. As currently there's very few bases in individual stocks that look interesting to me. So I'll likely be doing some test buys in the index with very tight 1% or less stops this week near the lows, which could take multiple attempts.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.