I don’t blame ayone for being nervous about yet another bounce. Five years of relentless conditioning can do that to a person. For me, one stock that illustrates nicely why I’m hanging tough and, on the whole, merely tightening up stop prices, is WPRT. It was a fantastic topping pattern, and once it got cookin’, it got cookin’…….
Just look how it slips just about every day. This is the kind of persistence a powerful pattern can create.
Next Wednesday is terrifying, surely. But I’m genuinely focused on things via a position-by-position basis. I have been avoiding domestic equity ETFs for quite a while now and will probably continue to avoid them into the next year.