Buy the dip

Quote from Ash1972:

Your task for this week - look up the meaning of

i) Secular bear market
ii) Cyclical bull market
iii) Dead cat bounce (aka suckers rally)

:)

And then dig up past data to discover when we were last in a secular bear market.
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Your task, I maintain, is to look at a long term chart and to forget the semantics.

:D
 
Quote from Visaria:

Your task, I maintain, is to look at a long term chart and to forget the semantics.

:D
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Totally agree. It's the long term structure that matters (but having a common vocabulary does help discussion!)
 
i was going to say them same thing but it would of been wasted. you will never hear a person in this position say anything different.

i can say when the jgb yields climbed up few weeks ago the japan market went down 20%. i say anything and someone will tell me i am wrong. i think a trader needs to make his own trades because he needs to live with them.

Quote from Swan Noir:

While I do not take issue with the concept of avoiding great, heady, thinking deals it is important to note that given what Lynch did for a living he was always net long in large size. He had no choice.
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Quote from Visaria:

Mostly BS. Thinking about the economy will not make you money.
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Guess it depends on what you're trading. Understanding the impact of key economic data from the relevant countries helps greatly with understanding the movement within the major currency pairs. As I said, I think it depends on what you're trading.
 
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