yeah just like going to a casino and betting $100 on black... and you keep betting until you win and double the bet... in the end you win ...... wait for it $100 haha
I am trying now to use armstrong cycles to time this market. Right now the next cycle starts June 11th 2011. It could turn around by then next year.
"Be fearful when others are greedy and greedy when others are fearful". --Warren Buffett, Oct 2008 on buying US stocks for his personal portfolio in the Oct. 2008 stock market environment. "Buying at market bottoms when fear is at an extreme is an acquired taste that most people never attain." --RTS Trading "There is nothing new on Wall Street or in stock speculation. What has happened in the past will happen again, and again, and again. This is because human nature does not change, and it is human emotion that always gets in the way of human intelligence. Of this I am sure." --Jesse Livermore
Now, how do know everyone is selling? How do you know there is blood in the streets? There was blood in the streets of Greece, but the market persisted on selling off.
"Be fearful when others are greedy and greedy when others are fearful". --Warren Buffett, Oct 2008 on buying US stocks for his personal portfolio in the Oct. 2008 stock market environment. ================================ "Be fearful when others are greedy" This one is easy, and refers to a rally or uptrend. "Greedy when others are fearful" This is bottom fishing, much tougher. This sell off is rather broad and unspecific, tough to know what the bottom will be. Or put another way, no one thing will reverse course. But if you consider "Too big to fail" and Obama making a market call (a President, wtf?) there is Fed support, and we had Paulson. There is three ducks in a row right there. That's a bottom call .