It would be nice to see how negative news or Dow will affect a local trending stock. Numbers corresponds to the events below, and percentage was calculated base on the highest price when the event occurred and the date of lowest price when rally resumed.
So, in the chart above, it is obvious, you will not lose much even if Dow corrects big time, as long as you do your research.
A nice 57% gain in two months, as I mentioned before, I was 80% loaded with LCB. Trend is still up for LCB, just watch for danger signals.
ZEUS? I Still have.
1. April 8, possible US Govt. Shut Down DJIAS 12380,
2. May 13, Euro Debt Woes, LCB 6.7% drop from high of 0.93 to 0.87
3. June 9, Economic worries, Bernake speech. 22% drop from 1.13 to 0.92
4. July 14, Ben stimulus talk 7% drop from 1.23 to 1.15
5. July 20, Debt Ceiling issue. 7% drop 1.32 to 1.23
"That there is time to go long, time to go short, and time to go fishing." - Jesse Livermore
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