RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
(2021-02-28, 07:03 PM)pcabc Wrote: That's interesting. The question I've been asking myself is whether to get out or stay in? I opened a few positions in my ISA, buying on pullbacks as, after weakening, there was a blip in strength so I opened some positions. So I was wondering whether I should close down positions now or sell? But you are looking at buying in a dip just as I'm having these considerations. I note that my breadth indications are showing weakness, but on the long term scale it it does not look to be weakening. Perhaps I should have sold half my positions when the market was at a top and there were the first indications of a pullback because it always goes sideways or pulls back at some point. In my ISA I'm still in good profit, though less, but in my SIPP I'm basically back to where I started.
I'm just testing a potential area of support though. It's certainly not a high conviction trade, as it could easily collapse another -10% from here and still be a normal pullback. So hence my potential trades will be extremely low risk if I put them on and done using exceptionally tight intraday stops. So very different.
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.