Re: FNC, SPQ, BMK All Up Yesterday- OBG
posted on
Aug 21, 2008 04:41AM
"Major turns in the market are often presaged by minor turns in stocks. Turning points are not loudly trumpeted- if they were EVERYBODY could load up and wait for payday. The purpose of these grinding corrections is to chase the small fry OUT, not convince them to GET IN. Camoflage of ones' intent is a major part of fighting and winning any battle whether it be with beans & bullets or dollars & cents."
I'm in total agreement. Knowing when those turning points are boils down to, in the end, following your gut instinct, your beliefs, hopefully after having done the sufficient DD.