Pundit Trap

By | August 20, 2014

Two weeks ago the DJIA successfully tested its 200 day moving average, and then spent last week advancing off that moving average. Some said it was a return to trend and the start of a new new leg up in the market, others suggested it would rise, but it was unlikely to make new highs and that selling into strength was the strategy.
Where do you stand? Have you examined the evidence, made an evaluation and incorporated it into your trading plan, or have you been paralyzed by the prognosticating of the punditry? There’s nothing worse than being on the right side of a trade you never made.

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