Dow Monthly charts, Notice the increased in volume before price making higher low.
IBM and OSG, same time frame, but opposite direction. Chart speaks for itself.
IBM wild fluctuations due to human emotions, panic, but price always goes back to the mean.
Always follow the line of least resistance. Livermore
2 comments:
Bossing! I'm interested to learn more about your red signals. My investment approach gears toward dividend investing. I normally buy the dips. Upon seeing the red signals posted here in your blog, it would help me lower my cost, pwede ko gawin signal to buy. I'd like to learn more so I can assess how I can integrate it with my current rules. Thanks bro!
Buying dips is not my system. sometimes, gut feel na lang kaya nakakatsamba. 3 out of 10 ako diyan, I just tightened my stops, in case na masyadong deep siya. I made some lousy dip buying just last week. And I sold it without regret.
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