Quote from spike500:
As a daytrader i don't know anything about medium or long terms, but i think we will stay long till end of september. All the downwards moves will be corrections probably.
More than 1 month ago i posted this. We are again 1% below the high of the year. I was sure that the trend would stay long.
End of september we will see if my prediction was correct.
quote "stolen" from another poster on ET:
please know you novice traders out there, that the big money is made by identifying and sitting with a trend, as per Livermore's famous comments. Not by calling for a 10% correction when there's 50% to be made with the trend.
